Ricardo, Inc.benefits

Ricardo, Inc.'s benefits plan covered 123 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,266,950. Insurance brokers and agents were paid $75,192 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.9% of premiums. That is $611 per covered person, in the top quarter of employer plans that report broker pay.