Sps Companies, Inc.benefits

Sps Companies, Inc.'s benefits plans covered 686 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $958,502. Insurance brokers and agents were paid $111,992 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 11.7% of premiums. That is $163 per covered person, below the median for employer plans that report broker pay. Broker pay rose 34% from $83,877 in 2023.