Worldwide Electric Corporationbenefits

Worldwide Electric Corporation's benefits plans covered 162 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $751,962. Insurance brokers and agents were paid $57,636 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.7% of premiums. That is $356 per covered person, above the median for employer plans that report broker pay. Broker pay rose 0.6% from $57,310 in 2023.