Vesco Material Handling Equipment Incbenefits

Vesco Material Handling Equipment Inc's benefits plans covered 148 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,622,005. Insurance brokers and agents were paid $278,185 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.6% of premiums. That is $1,880 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 3.0x the $91,261 reported for 2023.