Balance Technology, Inc.benefits

Balance Technology, Inc.'s benefits plan covered 123 active participants in 2023, providing health · life · dental · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,032,813. Insurance brokers and agents were paid $72,029 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.0% of premiums. That is $586 per covered person, in the top quarter of employer plans that report broker pay.