Simulation Technologies, Inc. Simtechbenefits

Simulation Technologies, Inc. Simtech's benefits plans covered 227 active participants in 2024, providing life · long-term disability · short-term disability · other. Insurance premiums totaled $3,851,396. Insurance brokers and agents were paid $72,385 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.9% of premiums. That is $319 per covered person, above the median for employer plans that report broker pay. Brokers were paid 22.6x the $3,198 reported for 2023.