Wec Energy Group, Inc.benefits

Wec Energy Group, Inc.'s benefits plans covered 7,063 active participants in 2024, providing health · life · dental · long-term disability · death benefits · vision. Insurance premiums totaled $4,504,886. Insurance brokers and agents were paid $761,252 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 16.9% of premiums. That is $108 per covered person, below the median for employer plans that report broker pay. Broker pay rose 15% from $661,908 in 2023.