Minnesota Valley Testing Laboratories, Inc.benefits

Minnesota Valley Testing Laboratories, Inc.'s benefits plans covered 150 active participants in 2024, providing long-term disability. Insurance premiums totaled $1,414,651. Insurance brokers and agents were paid $55,428 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.9% of premiums. That is $370 per covered person, above the median for employer plans that report broker pay. Broker pay rose 135% from $23,585 in 2023.