Invotec, Inc.benefits

Invotec, Inc.'s benefits plan covered 135 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $59,434. Insurance brokers and agents were paid $49,543 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 83.4% of premiums. That is $367 per covered person, above the median for employer plans that report broker pay.