Snap-On Incorporatedbenefits

Snap-On Incorporated's benefits plans covered 6,007 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,318,985. Insurance brokers and agents were paid $223,849 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.2% of premiums. That is $37 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 6.0% from $238,146 in 2023.