Tec Group, Inc.benefits

Tec Group, Inc.'s benefits plans covered 469 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $4,705,688. Insurance brokers and agents were paid $215,529 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.6% of premiums. That is $460 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 5.9% from $229,132 in 2023.