McAlvain Companies, Inc.benefits

McAlvain Companies, Inc.'s benefits plans covered 234 active participants in 2024, providing health · life · dental · vision. Insurance premiums totaled $157,489. Insurance brokers and agents were paid $87,892 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 55.8% of premiums. That is $376 per covered person, above the median for employer plans that report broker pay. Broker pay rose 23% from $71,617 in 2023.