Mervis Industries, Incbenefits

Mervis Industries, Inc's benefits plans covered 198 active participants in 2024, providing health · life · short-term disability · other. Insurance premiums totaled $722,953. Insurance brokers and agents were paid $160,999 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.3% of premiums. That is $813 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 1.0% from $159,422 in 2023.