Litelab Corp.benefits

Litelab Corp.'s benefits plans covered 105 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $32,322. Insurance brokers and agents were paid $8,909 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.6% of premiums. That is $85 per covered person, below the median for employer plans that report broker pay. Broker pay fell 67% from $26,945 in 2023.