Spang & Companybenefits

Spang & Company's benefits plans covered 207 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $19,103. Insurance brokers and agents were paid $2,562 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.4% of premiums. That is $12 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 0.8% from $2,582 in 2023.