Merrick Industries, Inc.benefits

Merrick Industries, Inc.'s benefits plans covered 120 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $973,418. Insurance brokers and agents were paid $64,839 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.7% of premiums. That is $540 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 2.9% from $63,034 in 2023.