M.Davis & Sons, Inc.benefits

M.Davis & Sons, Inc.'s benefits plans covered 454 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · other · health. Insurance premiums totaled $833,810. Insurance brokers and agents were paid $234,913 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 28.2% of premiums. That is $517 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 27% from $184,743 in 2023.