G-M Companies, Inc.benefits

G-M Companies, Inc.'s benefits plans covered 46 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $1,297,993. Insurance brokers and agents were paid $58,884 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.5% of premiums. That is $1,280 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 4.8% from $56,194 in 2023.