Miller Electric Companybenefits

Miller Electric Company's benefits plans covered 517 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $9,908,563. Insurance brokers and agents were paid $479,247 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.8% of premiums. That is $927 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 27% from $377,658 in 2023.