Industrial Project Innovation, LLCbenefits

Industrial Project Innovation, LLC's benefits plans covered 185 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,546,707. Insurance brokers and agents were paid $192,651 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.6% of premiums. That is $1,041 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 22% from $158,441 in 2023.