Midwest Motor Supply Co.benefits

Midwest Motor Supply Co.'s benefits plans covered 2,879 active participants in 2024, providing life. Insurance premiums totaled $1,100,059. Insurance brokers and agents were paid $363,239 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 33.0% of premiums. That is $126 per covered person, below the median for employer plans that report broker pay. Broker pay fell 15% from $429,487 in 2023.