Torc Robotics Inc.benefits

Torc Robotics Inc.'s benefits plans covered 638 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $457,170. Insurance brokers and agents were paid $294,109 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 64.3% of premiums. That is $461 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.7x the $79,225 reported for 2023.