M/E Engineering, P.C. Welfare Benefit Plbenefits

M/E Engineering, P.C. Welfare Benefit Pl's benefits plans covered 162 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · other. Insurance premiums totaled $2,244,436. Insurance brokers and agents were paid $290,726 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.0% of premiums. That is $1,795 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 12% from $259,032 in 2023.