Motor City Stamping, Inc.benefits

Motor City Stamping, Inc.'s benefits plans covered 551 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,699,931. Insurance brokers and agents were paid $118,162 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.4% of premiums. That is $214 per covered person, above the median for employer plans that report broker pay. Broker pay fell 25% from $157,232 in 2023.