State Industrial Products Corporationbenefits

State Industrial Products Corporation's benefits plans covered 522 active participants in 2025, providing life · dental · short-term disability · long-term disability. Insurance premiums totaled $366,614. Insurance brokers and agents were paid $39,411 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.7% of premiums. That is $76 per covered person, below the median for employer plans that report broker pay. Broker pay fell 3.1% from $40,662 in 2024.