Life Time, Inc.benefits

Life Time, Inc.'s benefits plans covered 9,312 active participants in 2024, providing life · short-term disability · long-term disability · other. Insurance premiums totaled $2,067,106. Insurance brokers and agents were paid $118,706 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.7% of premiums. That is $13 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 14% from $138,160 in 2023.