Mi-T-M Corporationbenefits

Mi-T-M Corporation's benefits plans covered 348 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,124,970. Insurance brokers and agents were paid $144,713 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.8% of premiums. That is $416 per covered person, above the median for employer plans that report broker pay. Brokers were paid 4.1x the $35,622 reported for 2023.