Mymichigan Healthbenefits
Mymichigan Health - Health and Welfare Plan · MIDLAND, MI · plan year 2024
Broker compensation reported · 2024
$201,877
Mymichigan Health's benefits plans covered 14,639 active participants in 2024, providing health · life · dental · long-term disability · short-term disability · other · vision. Insurance brokers and agents were paid $201,877 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $14 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 16% from $173,658 in 2023.
Insurance contracts · 20243
LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 7,815 covered
VISION SERVICE PLAN · visionpremiums n/a · 6,108 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 7,804 covered
Brokers & agents paid · 20242
MERCER HEALTH & BENEFITS$194,050 · incl $41,194 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156
The Boeing Co. and Consolidated Subsidiaries WA$5,091,875
Tata America International Corporation NY$4,231,391
Northrop Grumman Corporation VA$4,003,536
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382459948 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.