Michigan Pallet, Inc.benefits

Michigan Pallet, Inc.'s benefits plans covered 236 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · other. Insurance premiums totaled $1,386,111. Insurance brokers and agents were paid $25,268 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.8% of premiums. That is $107 per covered person, below the median for employer plans that report broker pay. Broker pay fell 35% from $39,145 in 2023.