Morgan Properties Payroll Services Inc.benefits

Morgan Properties Payroll Services Inc.'s benefits plans covered 2,351 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $20,888,005. Insurance brokers and agents were paid $247,487 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.2% of premiums. That is $105 per covered person, below the median for employer plans that report broker pay. Broker pay rose 2.0% from $242,745 in 2023.