National Association of State Procurement Officialsbenefits
Naspo Employee Benefit Plan · LEXINGTON, KY · plan year 2024
National Association of State Procurement Officials's benefits plans covered 107 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $78,870. Insurance brokers and agents were paid $42,696 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 54.1% of premiums. That is $399 per covered person, above the median for employer plans that report broker pay. Broker pay rose 35% from $31,606 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 611227864 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.