Mud Bay, Inc.benefits

Mud Bay, Inc.'s benefits plans covered 485 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $27,235. Insurance brokers and agents were paid $13,824 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 50.8% of premiums. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 19% from $17,078 in 2023.