The Norwood Companybenefits

The Norwood Company's benefits plan covered 77 active participants in 2023, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $1,210,083. Insurance brokers and agents were paid $24,095 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.0% of premiums. That is $313 per covered person, above the median for employer plans that report broker pay.