Lincoln Technical Institute, Inc.benefits

Lincoln Technical Institute, Inc.'s benefits plans covered 1,135 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,146,072. Insurance brokers and agents were paid $252,863 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 $223 per covered person, above the median for employer plans that report broker pay. Broker pay rose 61% from $157,528 in 2023.