Spectrum Control Inc.benefits

Spectrum Control Inc.'s benefits plans covered 957 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $418,777. Insurance brokers and agents were paid $28,081 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.7% of premiums. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 62% from $74,198 in 2023.