Mate Precision Technologiesbenefits

Mate Precision Technologies's benefits plans covered 265 active participants in 2024, providing life. Insurance premiums totaled $140,238. Insurance brokers and agents were paid $15,247 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.9% of premiums. That is $58 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 16% from $18,178 in 2023.