Southwark Metal Mfg Co.benefits

Southwark Metal Mfg Co.'s benefits plans covered 886 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $308,976. Insurance brokers and agents were paid $84,989 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.5% of premiums. That is $96 per covered person, below the median for employer plans that report broker pay. Broker pay rose 12% from $76,103 in 2023.