MG2 Corporationbenefits

MG2 Corporation's benefits plans covered 501 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $22,193. Insurance brokers and agents were paid $77,541 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 349.4% of premiums. That is $155 per covered person, below the median for employer plans that report broker pay. Broker pay fell 60% from $194,473 in 2023.