Sukup Manufacturing Co.benefits

Sukup Manufacturing Co.'s benefits plans covered 636 active participants in 2024, providing health · life · dental · short-term disability · death benefits · other. Insurance premiums totaled $222,460. Insurance brokers and agents were paid $138,676 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 62.3% of premiums. That is $218 per covered person, above the median for employer plans that report broker pay. Broker pay fell 32% from $203,657 in 2023.