Material Control Inc. Employee Insurance Planbenefits

Material Control Inc. Employee Insurance Plan's benefits plans covered 387 active participants in 2024, providing health · life · dental · short-term disability · long-term disability. Insurance premiums totaled $4,344,973. Insurance brokers and agents were paid $178,295 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.1% of premiums. That is $461 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 6.7% from $167,050 in 2023.