Michelman, Inc.benefits

Michelman, Inc.'s benefits plans covered 214 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $149,565. Insurance brokers and agents were paid $20,212 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.5% of premiums. That is $94 per covered person, below the median for employer plans that report broker pay. Broker pay fell 38% from $32,503 in 2023.