THE MICHIGAN WORKERS' COMPENSATION PLACEMENT FACILITY (A.K.A. THE FACILITY) ADDRESSES ALL PLAN AND POOL ADMINISTRATION RESPONSIBILITIES REQUIRED TO OFFER AN ALTERNATIVE COVERAGE SOURCE FOR BUSINESSES UNABLE TO PROCURE WC INSURANCE COVERAGE IN THE VOLUNTARY MARKET. PLAN ADMINISTRATION DUTIES INCLUDE PROCESSING APPLICATIONS AGAINST ESTABLISHED ELIGIBILITY GUIDELINES, APPOINTING SERVICING CARRIERS TO ISSUE POLICIES AND PROCESS ANY SUBSEQUENT CLAIM ACTIVITY AND ESTABLISHING A VIABLE OUTSIDE VENDOR AND/OR SUITABLE INTERNAL RESOURCES TO ADDRESS THE VARIOUS POOL ADMINISTRATION RESPONSIBILITIES
Executive compensation, broken down
Form 990 · Schedule J · 11 reported individuals · Filing year 2024
- Base
- $175k
- Bonus
- —
- Other
- —
- Benefits
- $10k
- Base
- $142k
- Bonus
- —
- Other
- —
- Benefits
- $11k
- Base
- $103k
- Bonus
- —
- Other
- —
- Benefits
- $8k
- Base
- $96k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $81k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $70k
- Bonus
- —
- Other
- —
- Benefits
- $9k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President | $175k | — | — | $10k | $212k $224k |
Svp, Chief Actuary senior vice president | $142k | — | — | $11k | $177k $187k |
CIO chief information officer | $103k | — | — | $8k | $128k $136k |
Director, Actuarial & Data Reporting highest compensated employee | $96k | — | — | $9k | $123k $130k |
Vp, Operations vice president | $81k | — | — | $9k | $107k $113k |
Actuary III highest compensated employee | $70k | — | — | $9k | $95k $100k |
Senior Developer II highest compensated employee | — | — | — | — | $71k $74k |
Board Member board member | — | — | — | — | $2k $2k |
Board Member board member | — | — | — | — | $2k $2k |
Board Member board member | — | — | — | — | $2k $2k |
Board Member board member | — | — | — | — | $1k $1k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 7 unpaid individuals.
Revenue and expenses over time
MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY reported revenue and expenses across 2 filing years.
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