MGM Industries, Inc.benefits

MGM Industries, Inc.'s benefits plans covered 100 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $64,506. Insurance brokers and agents were paid $16,433 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 25.5% of premiums. That is $164 per covered person, below the median for employer plans that report broker pay. Broker pay fell 4.2% from $17,148 in 2023.