Servco Pacific Inc.benefits

Servco Pacific Inc.'s benefits plans covered 978 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,469,997. Insurance brokers and agents were paid $49,009 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.3% of premiums. That is $50 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 5.2% from $46,604 in 2023.