Welch Foods, Inc., a Cooperativebenefits

Welch Foods, Inc., a Cooperative's benefits plans covered 774 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $7,898,425. Insurance brokers and agents were paid $43,491 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.6% of premiums. That is $56 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 54% from $28,151 in 2023.