Federated Mutual Insurance Companybenefits

Federated Mutual Insurance Company's benefits plans covered 2,947 active participants in 2024, providing life · short-term disability · long-term disability · death benefits. Insurance premiums totaled $388,072. Insurance brokers and agents were paid $1,015 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.3% of premiums. That is $0 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.