Midwest Products and Engineering, Inc.benefits

Midwest Products and Engineering, Inc.'s benefits plans covered 237 active participants in 2024, providing health · dental · vision · life · death benefits · short-term disability · long-term disability · other. Insurance premiums totaled $129,173. Insurance brokers and agents were paid $114,360 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 88.5% of premiums. That is $483 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 15% from $133,888 in 2023.