Mercantile Bank of Michiganbenefits

Mercantile Bank of Michigan's benefits plans covered 661 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $78,525 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $119 per covered person, below the median for employer plans that report broker pay. Broker pay rose 77% from $44,478 in 2024.