McLane Company, Inc.benefits

McLane Company, Inc.'s benefits plans covered 22,863 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,056,697. Insurance brokers and agents were paid $689,410 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 33.5% of premiums. That is $30 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 20% from $574,342 in 2023.