Upper Peninsula Power Companybenefits

Upper Peninsula Power Company's benefits plans covered 192 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $3,209,460. Insurance brokers and agents were paid $222,278 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.9% of premiums. That is $1,158 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 8.6% from $243,241 in 2023.