Synchronous LLC dba First Modebenefits

Synchronous LLC dba First Mode's benefits plans covered 64 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $139,569. Insurance brokers and agents were paid $112,480 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 80.6% of premiums. That is $1,758 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 9.8% from $102,398 in 2023.