M & K Employee Services, Inc.benefits

M & K Employee Services, Inc.'s benefits plans covered 672 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $458,887. Insurance brokers and agents were paid $122,411 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 26.7% of premiums. That is $182 per covered person, below the median for employer plans that report broker pay. Broker pay fell 15% from $143,331 in 2023.