Avadek, Incbenefits

Avadek, Inc's benefits plans covered 263 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,691,281. Insurance brokers and agents were paid $148,648 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.8% of premiums. That is $565 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 57% from $94,900 in 2023.