Woodward, Inc.benefits

Woodward, Inc.'s benefits plans covered 10,362 active participants in 2024, providing death benefits. Insurance premiums totaled $5,229,224. Insurance brokers and agents were paid $669,803 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.8% of premiums. That is $65 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 2.5% from $653,432 in 2023.