Majestic Steel USA Inc.benefits

Majestic Steel USA Inc.'s benefits plans covered 465 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $445,158. Insurance brokers and agents were paid $65,253 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.7% of premiums. That is $140 per covered person, below the median for employer plans that report broker pay. Broker pay rose 55% from $42,058 in 2023.