Payit, LLCbenefits

Payit, LLC's benefits plans covered 239 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,906,833. Insurance brokers and agents were paid $195,472 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.3% of premiums. That is $818 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 19% from $164,104 in 2023.