Vermeer Midwest, Inc.benefits

Vermeer Midwest, Inc.'s benefits plans covered 288 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $4,785,749. Insurance brokers and agents were paid $105,444 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.2% of premiums. That is $366 per covered person, above the median for employer plans that report broker pay. Broker pay rose 0.9% from $104,498 in 2023.