Mpay Incbenefits

Mpay Inc's benefits plans covered 129 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $134,549. Insurance brokers and agents were paid $73,267 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 54.5% of premiums. That is $568 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 7.0x the $10,439 reported for 2023.