Smgbenefits

Smg's benefits plans covered 4,446 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,194,859. Insurance brokers and agents were paid $639,346 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 29.1% of premiums. That is $144 per covered person, below the median for employer plans that report broker pay. Broker pay fell 12% from $724,940 in 2023.