Spectrum 360benefits

Spectrum 360's benefits plans covered 263 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $314,676. Insurance brokers and agents were paid $351,096 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 111.6% of premiums. That is $1,335 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 6.8% from $328,888 in 2023.