Bio-Serv Corporationbenefits
Bio-Serv Group Welfare Plan · MADISON HEIGHTS, MI · plan year 2024
Bio-Serv Corporation's benefits plans covered 361 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $175,863. Insurance brokers and agents were paid $85,904 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 48.8% of premiums. That is $238 per covered person, above the median for employer plans that report broker pay. Broker pay was essentially unchanged from 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381643006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.