Team, Inc.benefits

Team, Inc.'s benefits plans covered 3,535 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $24,309,072. Insurance brokers and agents were paid $1,814,884 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.5% of premiums. That is $513 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 15.3x the $118,556 reported for 2023.