Mitsubishi Electric US, Inc.benefits

Mitsubishi Electric US, Inc.'s benefits plans covered 3,568 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,159,267. Insurance brokers and agents were paid $160,970 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.9% of premiums. That is $45 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 16% from $191,877 in 2023.