Smx Group, LLCbenefits

Smx Group, LLC's benefits plans covered 1,311 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $939,754. Insurance brokers and agents were paid $141,950 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.1% of premiums. That is $108 per covered person, below the median for employer plans that report broker pay. Broker pay rose 22% from $116,439 in 2023.