Advanced Payroll Solutions, Inc.benefits

Advanced Payroll Solutions, Inc.'s benefits plans covered 529 active participants in 2024, providing life. Insurance premiums totaled $236,922. Insurance brokers and agents were paid $233,927 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 98.7% of premiums. That is $442 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 26% from $185,169 in 2023.