Wulco, Inc.benefits

Wulco, Inc.'s benefits plans covered 200 active participants in 2024, providing health · life · short-term disability · long-term disability · death benefits. Insurance premiums totaled $5,641,032. Insurance brokers and agents were paid $253,413 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.5% of premiums. That is $1,267 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 3.8x the $66,270 reported for 2023.