Mill Steel Companybenefits
Mill Steel Company Employee Benefit Plan · GRAND RAPIDS, MI · plan year 2023
Mill Steel Company's benefits plan covered 375 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $162,294. Insurance brokers and agents were paid $30,315 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.7% of premiums. That is $81 per covered person, below the median for employer plans that report broker pay.
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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 381676218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.