Martin Oil Companybenefits

Martin Oil Company's benefits plans covered 183 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $5,983. Insurance brokers and agents were paid $78,300 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1308.7% of premiums. That is $428 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 8.3% from $72,329 in 2023.