Material Handling Systems, Inc.benefits

Material Handling Systems, Inc.'s benefits plan covered 1,723 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $998,240. Insurance brokers and agents were paid $388,828 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 39.0% of premiums. That is $226 per covered person, above the median for employer plans that report broker pay.