New Concept Technology, Inc.benefits

New Concept Technology, Inc.'s benefits plans covered 130 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $152,991. Insurance brokers and agents were paid $11,961 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.8% of premiums. That is $92 per covered person, below the median for employer plans that report broker pay. Broker pay rose 2.0% from $11,729 in 2023.