Siemer Milling Cobenefits

Siemer Milling Co's benefits plan covered 299 active participants in 2023, providing short-term disability · long-term disability · life. Insurance premiums totaled $159,665. Insurance brokers and agents were paid $15,100 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.5% of premiums. That is $51 per covered person, in the bottom quarter of employer plans that report broker pay.