Smith Industries, Inc.benefits

Smith Industries, Inc.'s benefits plan covered 113 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $497,515. Insurance brokers and agents were paid $31,814 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.4% of premiums. That is $282 per covered person, above the median for employer plans that report broker pay.