Lumbermens Merchandising Corporationbenefits

Lumbermens Merchandising Corporation's benefits plans covered 186 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $15,513. Insurance brokers and agents were paid $128,390 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 827.6% of premiums. That is $690 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 8.0% from $118,888 in 2023.