Virtusa Corporationbenefits
Virtusa Corp US Employees Welfare Benefits Plan · SOUTHBOROUGH, MA · plan year 2024
Virtusa Corporation's benefits plans covered 2,512 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $10,125,997. Insurance brokers and agents were paid $2,946,548 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 29.1% of premiums. That is $1,173 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 4.0x the $733,298 reported for 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 043512883 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.