Midrex Technologies, Inc.benefits

Midrex Technologies, Inc.'s benefits plans covered 209 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $337,477. Insurance brokers and agents were paid $14,793 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.4% of premiums. That is $71 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 24% from $11,890 in 2023.