Veltek Associates, Inc.benefits

Veltek Associates, Inc.'s benefits plans covered 166 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,720,284. Insurance brokers and agents were paid $325,855 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.9% of premiums. That is $1,963 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 22% from $266,552 in 2023.