Midwest Technical Institute, Inc.benefits

Midwest Technical Institute, Inc.'s benefits plans covered 326 active participants in 2023, providing life · vision · short-term disability · long-term disability. Insurance premiums totaled $130,015. Insurance brokers and agents were paid $87,547 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 67.3% of premiums. That is $269 per covered person, above the median for employer plans that report broker pay.