The 1916 Companybenefits

The 1916 Company's benefits plan covered 231 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,391,356. Insurance brokers and agents were paid $213,608 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.9% of premiums. That is $925 per covered person, in the top 10% of employer plans that report broker pay.