Varney, Inc.benefits
Varney, Inc. Flexible Benefit Plan · ROANOKE, VA · plan year 2024
Varney, Inc.'s benefits plans covered 166 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $81,496. Insurance brokers and agents were paid $24,811 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 30.4% of premiums. That is $149 per covered person, below the median for employer plans that report broker pay. Broker pay fell 3.5% from $25,714 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 540791615 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.