Tecta Americabenefits

Tecta America's benefits plans covered 11,800 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $34,726. Insurance brokers and agents were paid $154,482 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 444.9% of premiums. That is $13 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 3.8x the $41,176 reported for 2023.