Ufp Technologies, Inc. Group Insurance Plan · NEWBURYPORT, MA · plan year 2024
Broker compensation reported · 2024
$135,576
Ufp Technologies, Inc.'s benefits plans covered 1,417 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $40,302. Insurance brokers and agents were paid $135,576 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 336.4% of premiums. That is $96 per covered person, below the median for employer plans that report broker pay. Broker pay rose 6.8% from $126,934 in 2023.