Pack Iqbenefits

Pack Iq's benefits plans covered 103 active participants in 2024, providing health · life · dental · vision · short-term disability · other. Insurance premiums totaled $579,848. Insurance brokers and agents were paid $58,234 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.0% of premiums. That is $565 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 9.4x the $6,209 reported for 2023.