Synoptek, LLCbenefits

Synoptek, LLC's benefits plans covered 393 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $533,078. Insurance brokers and agents were paid $199,558 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 37.4% of premiums. That is $508 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 23% from $260,095 in 2023.