Machining Technologies, Inc.benefits

Machining Technologies, Inc.'s benefits plan covered 127 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $256,147. Insurance brokers and agents were paid $38,143 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.9% of premiums. That is $300 per covered person, above the median for employer plans that report broker pay.