McMichael Mills, Inc.benefits

McMichael Mills, Inc.'s benefits plans covered 139 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · other. Insurance premiums totaled $163,895. Insurance brokers and agents were paid $75,407 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 46.0% of premiums. That is $542 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 35% from $116,172 in 2023.