Nidec Minster Corporationbenefits

Nidec Minster Corporation's benefits plans covered 322 active participants in 2024, providing dental. Insurance premiums totaled $259,689. Insurance brokers and agents were paid $7,836 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.0% of premiums. That is $24 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 2.8% from $8,062 in 2023.