Bmi Financial Group. Inc.benefits

Bmi Financial Group. Inc.'s benefits plans covered 158 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,231,552. Insurance brokers and agents were paid $92,672 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.5% of premiums. That is $587 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.7x the $25,261 reported for 2023.