Init Innovations in Transportation Inc.benefits

Init Innovations in Transportation Inc.'s benefits plans covered 143 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,122,515. Insurance brokers and agents were paid $120,277 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.7% of premiums. That is $841 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 18% from $101,688 in 2023.