Maine Machine Products Companybenefits

Maine Machine Products Company's benefits plan covered 1,499 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,467,846. Insurance brokers and agents were paid $369,378 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.0% of premiums. That is $246 per covered person, above the median for employer plans that report broker pay.