West Marine Products, Inc.benefits

West Marine Products, Inc.'s benefits plans covered 1,397 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $142,097. Insurance brokers and agents were paid $60,436 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 42.5% of premiums. That is $43 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 64% from $169,335 in 2023.