South Carolina Manufacturers Alliance Group Insurance Trustbenefits

South Carolina Manufacturers Alliance Group Insurance Trust's benefits plans covered 632 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $7,335,392. Insurance brokers and agents were paid $9,255 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.1% of premiums. That is $15 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 13% from $10,641 in 2023.