T & S Hardwoods, Inc.benefits

T & S Hardwoods, Inc.'s benefits plan covered 68 active participants in 2023, providing health · life · long-term disability · dental · short-term disability. Insurance premiums totaled $514,918. Insurance brokers and agents were paid $46,500 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.0% of premiums. That is $684 per covered person, in the top 10% of employer plans that report broker pay.