Universal Metal Products, Inc.benefits

Universal Metal Products, Inc.'s benefits plans covered 252 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $2,301,650. Insurance brokers and agents were paid $115,573 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.0% of premiums. That is $459 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 21% from $95,181 in 2023.