Morgan Engineering Systems, Inc.benefits

Morgan Engineering Systems, Inc.'s benefits plans covered 200 active participants in 2023, providing life · vision · short-term disability · long-term disability · other. Insurance premiums totaled $150,296. Insurance brokers and agents were paid $78,791 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 52.4% of premiums. That is $394 per covered person, above the median for employer plans that report broker pay.