South Dakota Innovation Partners, LLCbenefits

South Dakota Innovation Partners, LLC's benefits plans covered 155 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,043,387. Insurance brokers and agents were paid $49,419 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.7% of premiums. That is $319 per covered person, above the median for employer plans that report broker pay. Broker pay rose 28% from $38,573 in 2023.