Magna Associates, Inc.benefits

Magna Associates, Inc.'s benefits plan covered 99 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,182,018. Insurance brokers and agents were paid $86,763 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.3% of premiums. That is $876 per covered person, in the top 10% of employer plans that report broker pay.