Paycom Payroll LLCbenefits

Paycom Payroll LLC's benefits plans covered 7,215 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,252,637. Insurance brokers and agents were paid $314,136 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.4% of premiums. That is $44 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.