Gravity Payments, Inc.benefits

Gravity Payments, Inc.'s benefits plans covered 202 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $186,337. Insurance brokers and agents were paid $22,931 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.3% of premiums. That is $114 per covered person, below the median for employer plans that report broker pay. Broker pay rose 4.0% from $22,059 in 2023.