Spalding Universitybenefits

Spalding University's benefits plans covered 213 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $105,681. Insurance brokers and agents were paid $42,151 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 39.9% of premiums. That is $198 per covered person, above the median for employer plans that report broker pay. Broker pay rose 117% from $19,468 in 2023.