Sectra, Inc.benefits

Sectra, Inc.'s benefits plans covered 209 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,770,288. Insurance brokers and agents were paid $169,352 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.1% of premiums. That is $810 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 6.2x the $27,402 reported for 2023.