Effectual Inc.benefits

Effectual Inc.'s benefits plans covered 166 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,330,409. Insurance brokers and agents were paid $143,894 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.2% of premiums. That is $867 per covered person, in the top 10% of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.