M M Manufacturing, LLCbenefits

M M Manufacturing, LLC's benefits plans covered 350 active participants in 2024, providing health · dental · vision · life. Insurance premiums totaled $2,700,677. Insurance brokers and agents were paid $160,175 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.9% of premiums. That is $458 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 4.3x the $37,019 reported for 2023.