Sparc Group LLCbenefits

Sparc Group LLC's benefits plans covered 5,305 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $280,675. Insurance brokers and agents were paid $350,894 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 125.0% of premiums. That is $66 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 14% from $409,871 in 2023.