Systems Products and Solutions, Inc.benefits

Systems Products and Solutions, Inc.'s benefits plan covered 100 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $509,049. Insurance brokers and agents were paid $35,817 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.0% of premiums. That is $358 per covered person, above the median for employer plans that report broker pay.