Midland Equipment Company of Michiganbenefits

Midland Equipment Company of Michigan's benefits plans covered 137 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,322,756. Insurance brokers and agents were paid $79,685 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.0% of premiums. That is $582 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 18% from $67,777 in 2023.