Southern California Edison Companybenefits

Southern California Edison Company's benefits plans covered 13,814 active participants in 2024, providing health · life · dental · vision · death benefits · other. Insurance premiums totaled $8,774,115. Insurance brokers and agents were paid $719,807 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.2% of premiums. That is $52 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 19% from $886,205 in 2023.