Ricardo Defense, Inc.benefits

Ricardo Defense, Inc.'s benefits plans covered 227 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,205,382. Insurance brokers and agents were paid $151,045 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.8% of premiums. That is $665 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 33% from $113,749 in 2023.