Itu Absorbtech, Inc.benefits

Itu Absorbtech, Inc.'s benefits plans covered 353 active participants in 2024, providing health · dental · vision · short-term disability. Insurance premiums totaled $809,929. Insurance brokers and agents were paid $288,560 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.6% of premiums. That is $817 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 9.1x the $31,554 reported for 2023.