Walton Electric Membership Corporationbenefits

Walton Electric Membership Corporation's benefits plans covered 250 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $201,522. Insurance brokers and agents were paid $165,416 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 82.1% of premiums. That is $662 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 12.7x the $12,978 reported for 2023.