Velocity Clinical Research Inc.benefits
Velocity Clinical Research, Inc Employee Benefit Plan · DURHAM, NC · plan year 2025
Velocity Clinical Research Inc.'s benefits plans covered 1,256 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $453,402. Insurance brokers and agents were paid $196,424 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 43.3% of premiums. That is $156 per covered person, below the median for employer plans that report broker pay. Broker pay fell 53% from $419,438 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 823171064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.