Vector North America, Inc.benefits

Vector North America, Inc.'s benefits plans covered 144 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $141,884. Insurance brokers and agents were paid $116,899 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 82.4% of premiums. That is $812 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 15% from $101,958 in 2023.