The Tranzonic Companiesbenefits

The Tranzonic Companies's benefits plans covered 1,000 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $217,595. Insurance brokers and agents were paid $55,579 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 25.5% of premiums. That is $56 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 72% from $195,878 in 2023.