Administrative Concepts, Inc.benefits

Administrative Concepts, Inc.'s benefits plans covered 102 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $823,127. Insurance brokers and agents were paid $103,901 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.6% of premiums. That is $1,019 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 49% from $69,772 in 2023.