Systel Business Equipment, Inc.benefits

Systel Business Equipment, Inc.'s benefits plans covered 261 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $460,841. Insurance brokers and agents were paid $40,268 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.7% of premiums. That is $154 per covered person, below the median for employer plans that report broker pay. Broker pay rose 25% from $32,181 in 2023.