Solv Energy, LLC Inc.benefits

Solv Energy, LLC Inc.'s benefits plans covered 1,283 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $9,482,953. Insurance brokers and agents were paid $363,449 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.8% of premiums. That is $283 per covered person, above the median for employer plans that report broker pay. Broker pay fell 20% from $455,931 in 2023.