Sparrow & Kennedy Tractor Company, Inc.benefits

Sparrow & Kennedy Tractor Company, Inc.'s benefits plans covered 120 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $913,428. Insurance brokers and agents were paid $56,216 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.2% of premiums. That is $468 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 4.3% from $58,736 in 2023.