Minot Builders Supply Associationbenefits

Minot Builders Supply Association's benefits plans covered 118 active participants in 2024, providing life · death benefits · long-term disability. Insurance premiums totaled $40,384. Insurance brokers and agents were paid $5,485 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.6% of premiums. That is $46 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 35% from $8,420 in 2023.