Velocity Global, LLCbenefits

Velocity Global, LLC's benefits plans covered 429 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $362,492. Insurance brokers and agents were paid $75,300 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.8% of premiums. That is $176 per covered person, below the median for employer plans that report broker pay. Broker pay rose 100% from $37,646 in 2023.