Merjent Inc.benefits

Merjent Inc.'s benefits plans covered 265 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $241,862. Insurance brokers and agents were paid $142,272 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 58.8% of premiums. That is $537 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 14% from $125,252 in 2023.