Swanson Industries, Inc.benefits
Swanson Industries, Inc. Welfare Plan · MORGANTOWN, WV · plan year 2025
Swanson Industries, Inc.'s benefits plans covered 267 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $82,082. Insurance brokers and agents were paid $161,480 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 196.7% of premiums. That is $605 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 3.8% from $167,855 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 550770512 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.