Somero Enterprises, Inc.benefits
Somero Enterprises, Inc. Employee Benefits Plan · ATLANTIC MINE, MI · plan year 2025
Somero Enterprises, Inc.'s benefits plans covered 126 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,624,078. Insurance brokers and agents were paid $132,215 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.0% of premiums. That is $1,049 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 1.4% from $134,085 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 203225968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.