Thompson Machinery Commerce Corporationbenefits

Thompson Machinery Commerce Corporation's benefits plans covered 1,150 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,659,388. Insurance brokers and agents were paid $140,765 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.5% of premiums. That is $122 per covered person, below the median for employer plans that report broker pay. Broker pay rose 194% from $47,816 in 2023.