Valco Instruments Company, Inc.benefits

Valco Instruments Company, Inc.'s benefits plans covered 298 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,657,931. Insurance brokers and agents were paid $137,972 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.2% of premiums. That is $463 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 15% from $161,499 in 2023.