McElroy Manufacturing, Inc.benefits

McElroy Manufacturing, Inc.'s benefits plans covered 521 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $296,374. Insurance brokers and agents were paid $235,857 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 79.6% of premiums. That is $453 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 9.9% from $214,586 in 2023.