Magnix USA, Inc.benefits

Magnix USA, Inc.'s benefits plan covered 86 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $147,536. Insurance brokers and agents were paid $102,752 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 69.6% of premiums. That is $1,195 per covered person, in the top 10% of employer plans that report broker pay.