Tractor & Equipment Companybenefits

Tractor & Equipment Company's benefits plans covered 513 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · other. Insurance premiums totaled $325,336. Insurance brokers and agents were paid $182,843 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 56.2% of premiums. That is $356 per covered person, above the median for employer plans that report broker pay. Broker pay rose 20% from $151,822 in 2023.