Paychex Business Solutions LLCbenefits

Paychex Business Solutions LLC's benefits plans covered 232,458 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $237,159,095. Insurance brokers and agents were paid $6,796,242 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.9% of premiums. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 6.9% from $7,299,026 in 2023.