Magna Machine Companybenefits

Magna Machine Company's benefits plans covered 143 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $46,942. Insurance brokers and agents were paid $42,873 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 91.3% of premiums. That is $300 per covered person, above the median for employer plans that report broker pay. Broker pay fell 23% from $55,511 in 2023.