Modern Distributors Inc.benefits

Modern Distributors Inc.'s benefits plans covered 92 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance premiums totaled $46,417. Insurance brokers and agents were paid $17,099 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 36.8% of premiums. That is $186 per covered person, below the median for employer plans that report broker pay. Broker pay rose 70% from $10,062 in 2023.