Speed Wrench, Inc.benefits

Speed Wrench, Inc.'s benefits plans covered 180 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $1,767,603. Insurance brokers and agents were paid $25,604 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.4% of premiums. That is $142 per covered person, below the median for employer plans that report broker pay. Broker pay fell 18% from $31,165 in 2023.