Frankenmuth Insurance Companybenefits

Frankenmuth Insurance Company's benefits plans covered 864 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $680,800. Insurance brokers and agents were paid $179,014 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 26.3% of premiums. That is $207 per covered person, above the median for employer plans that report broker pay. Broker pay rose 4.9% from $170,576 in 2023.