Exel Inc.benefits

Exel Inc.'s benefits plans covered 38,881 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $3,166,370. Insurance brokers and agents were paid $262,780 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.3% of premiums. That is $7 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 18% from $223,248 in 2023.