Calamp Corp.benefits

Calamp Corp.'s benefits plans covered 234 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $285,164. Insurance brokers and agents were paid $117,286 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 41.1% of premiums. That is $501 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.8x the $30,579 reported for 2023.