The Akron Porcelain & Plastics Co.benefits

The Akron Porcelain & Plastics Co.'s benefits plans covered 88 active participants in 2024, providing life · short-term disability · long-term disability. Insurance premiums totaled $79,391. Insurance brokers and agents were paid $6,614 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.3% of premiums. That is $75 per covered person, below the median for employer plans that report broker pay. Broker pay rose 5.2% from $6,288 in 2023.