Amtex Machine Products, Inc.benefits

Amtex Machine Products, Inc.'s benefits plans covered 200 active participants in 2024, providing life · dental · long-term disability · other. Insurance premiums totaled $132,227. Insurance brokers and agents were paid $82,964 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 62.7% of premiums. That is $415 per covered person, above the median for employer plans that report broker pay. Broker pay rose 80% from $46,041 in 2023.