Michelin North America, Inc.benefits

Michelin North America, Inc.'s benefits plans covered 17,737 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,146,654. Insurance brokers and agents were paid $1,466,821 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.4% of premiums. That is $83 per covered person, below the median for employer plans that report broker pay. Broker pay fell 66% from $4,282,318 in 2023.