Mancor Industries, Inc.benefits

Mancor Industries, Inc.'s benefits plans covered 460 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $10,060,626. Insurance brokers and agents were paid $776,171 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.7% of premiums. That is $1,687 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 3.4x the $230,674 reported for 2023.