Spider Company, Inc.benefits

Spider Company, Inc.'s benefits plans covered 202 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $163,256. Insurance brokers and agents were paid $57,544 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.2% of premiums. That is $285 per covered person, above the median for employer plans that report broker pay. Broker pay fell 22% from $74,051 in 2023.