Inotiv, Inc.benefits

Inotiv, Inc.'s benefits plans covered 1,732 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $762,338. Insurance brokers and agents were paid $168,742 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.1% of premiums. That is $97 per covered person, below the median for employer plans that report broker pay. Broker pay rose 24% from $136,411 in 2023.