Merrick Hardwoods, Inc.benefits

Merrick Hardwoods, Inc.'s benefits plans covered 118 active participants in 2024, providing life. Insurance premiums totaled $11,245. Insurance brokers and agents were paid $1,960 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 17.4% of premiums. That is $17 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 17% from $1,677 in 2023.