Volvo Group North America LLCbenefits

Volvo Group North America LLC's benefits plans covered 12,900 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $14,622,049. Insurance brokers and agents were paid $378,348 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.6% of premiums. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 3.5% from $365,553 in 2023.