Spectrum Industries, Incbenefits

Spectrum Industries, Inc's benefits plans covered 154 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,105,449. Insurance brokers and agents were paid $61,333 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.9% of premiums. That is $398 per covered person, above the median for employer plans that report broker pay. Broker pay rose 22% from $50,346 in 2023.