Stephenson Equipment, Inc.benefits

Stephenson Equipment, Inc.'s benefits plans covered 286 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $260,216. Insurance brokers and agents were paid $37,851 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.5% of premiums. That is $132 per covered person, below the median for employer plans that report broker pay. Broker pay rose 20% from $31,583 in 2023.