The Michigan Food Processor & Distribution Fund (MFPD Fund) is pleased to announce that it will be distributing $1.6 million back to its members for the 2024 renewal. This represents an average return of 45% of a member's annual premium. This significant premium return demonstrates the Fund's commitment to providing consistent financial benefits to its members.
As a member-owned program, the Fund operates with the best interests of its members in mind. The fact that all premium collected, which is not used for claims and administrative expenses, is returned to members is a testament to the Fund's dedication to reducing members’ overall costs of workers’ compensation insurance..