Greater Richmond Business Inc.benefits

Greater Richmond Business Inc.'s benefits plan covered 132 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $85,725. Insurance brokers and agents were paid $24,480 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 28.6% of premiums. That is $185 per covered person, below the median for employer plans that report broker pay.