Vanco Payment Solutions, Inc.benefits

Vanco Payment Solutions, Inc.'s benefits plans covered 181 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $153,821. Insurance brokers and agents were paid $43,209 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 28.1% of premiums. That is $239 per covered person, above the median for employer plans that report broker pay. Broker pay rose 66% from $26,025 in 2023.