Michigan Mutual, Inc.benefits

Michigan Mutual, Inc.'s benefits plans covered 209 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $107,026. Insurance brokers and agents were paid $13,177 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.3% of premiums. That is $63 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 3.2% from $12,768 in 2023.