Woodruff-Sawyer and Companybenefits

Woodruff-Sawyer and Company's benefits plans covered 530 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $847,394. Insurance brokers and agents were paid $76,473 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.0% of premiums. That is $144 per covered person, below the median for employer plans that report broker pay. Broker pay rose 132% from $33,004 in 2023.