The Loeb Electric Companybenefits

The Loeb Electric Company's benefits plans covered 316 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $127,898. Insurance brokers and agents were paid $28,642 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.4% of premiums. That is $91 per covered person, below the median for employer plans that report broker pay. Broker pay rose 1.4% from $28,253 in 2023.