Joint Board of Trustees of Mrcc Employee Benefits Fundbenefits

Joint Board of Trustees of Mrcc Employee Benefits Fund's benefits plans covered 6,618 active participants in 2024, providing health · life · short-term disability. Insurance premiums totaled $4,001,071. Insurance brokers and agents were paid $272,635 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.8% of premiums. That is $41 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 1920.0x the $142 reported for 2023.