Advance Stores Company, Inc.benefits

Advance Stores Company, Inc.'s benefits plans covered 64,726 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $12,323,245. Insurance brokers and agents were paid $272,057 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 $4 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 77% from $1,181,502 in 2023.