Payroll & Insurance Group Inc.benefits

Payroll & Insurance Group Inc.'s benefits plans covered 70 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $31,789. Insurance brokers and agents were paid $23,083 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 72.6% of premiums. That is $330 per covered person, above the median for employer plans that report broker pay. Broker pay rose 33% from $17,322 in 2023.