Voltyx International, Inc.benefits

Voltyx International, Inc.'s benefits plans covered 990 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $692,633. Insurance brokers and agents were paid $243,588 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.2% of premiums. That is $246 per covered person, above the median for employer plans that report broker pay. Broker pay fell 29% from $344,481 in 2023.