New Jersey Manufacturers Insurance Companybenefits

New Jersey Manufacturers Insurance Company's benefits plans covered 2,451 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $271,110. Insurance brokers and agents were paid $288,662 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 106.5% of premiums. That is $118 per covered person, below the median for employer plans that report broker pay. Broker pay fell 0.9% from $291,411 in 2023.