The Simplex Group, Inc.benefits

The Simplex Group, Inc.'s benefits plans covered 3,015 active participants in 2024, providing health · life · vision. Insurance premiums totaled $18,024,738. Insurance brokers and agents were paid $781,941 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.3% of premiums. That is $259 per covered person, above the median for employer plans that report broker pay. Broker pay rose 13% from $689,887 in 2023.