Colortech, Inc.benefits

Colortech, Inc.'s benefits plans covered 276 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $3,769,027. Insurance brokers and agents were paid $261,468 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.9% of premiums. That is $947 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 2.6% from $254,735 in 2023.