Applied Mechanical Systems, Inc.benefits

Applied Mechanical Systems, Inc.'s benefits plans covered 195 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $81,652. Insurance brokers and agents were paid $15,134 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.5% of premiums. That is $78 per covered person, below the median for employer plans that report broker pay. Broker pay fell 8.5% from $16,535 in 2023.