Woodruff & Sons, Inc.benefits

Woodruff & Sons, Inc.'s benefits plans covered 142 active participants in 2024, providing health · life · dental · vision · other. Insurance premiums totaled $2,324,588. Insurance brokers and agents were paid $131,874 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.7% of premiums. That is $929 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 5.2% from $125,316 in 2023.