Materials Processing, Inc.benefits

Materials Processing, Inc.'s benefits plans covered 276 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $363,417. Insurance brokers and agents were paid $54,651 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.0% of premiums. That is $198 per covered person, above the median for employer plans that report broker pay. Broker pay rose 41% from $38,672 in 2023.