Melling Tool Companybenefits

Melling Tool Company's benefits plans covered 469 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $228,321. Insurance brokers and agents were paid $90,976 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 39.8% of premiums. That is $194 per covered person, above the median for employer plans that report broker pay. Broker pay rose 8.8% from $83,588 in 2023.