Southwest Texas Equipment Distributors, Inc.benefits

Southwest Texas Equipment Distributors, Inc.'s benefits plans covered 143 active participants in 2024, providing health · dental · vision · life · other. Insurance premiums totaled $1,653,201. Insurance brokers and agents were paid $200,903 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.2% of premiums. That is $1,405 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 47% from $136,924 in 2023.