Monroe Tractor & Implement Co., Inc.benefits

Monroe Tractor & Implement Co., Inc.'s benefits plans covered 288 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,029,407. Insurance brokers and agents were paid $115,475 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.7% of premiums. That is $401 per covered person, above the median for employer plans that report broker pay. Broker pay fell 56% from $261,032 in 2023.