Lg Chem Michigan, Inc.benefits

Lg Chem Michigan, Inc.'s benefits plans covered 5,137 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $49,844,971. Insurance brokers and agents were paid $3,759,029 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 $732 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 18% from $3,195,803 in 2023.