Southern Aluminum Manufacturing Acquisition, Inc.benefits

Southern Aluminum Manufacturing Acquisition, Inc.'s benefits plans covered 154 active participants in 2024, providing health · life · death benefits · other · dental · vision. Insurance premiums totaled $1,057,348. Insurance brokers and agents were paid $187,997 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 17.8% of premiums. That is $1,221 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 42% from $132,433 in 2023.