IT Concepts, Inc.benefits

IT Concepts, Inc.'s benefits plans covered 853 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $4,836,803. Insurance brokers and agents were paid $410,755 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.5% of premiums. That is $482 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.5x the $117,780 reported for 2023.