Michaels Stores, Inc.benefits

Michaels Stores, Inc.'s benefits plans covered 37,195 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $928,153 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $25 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 21% from $764,150 in 2023.