Arc Automotive, Inc.benefits

Arc Automotive, Inc.'s benefits plans covered 323 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,829,365. Insurance brokers and agents were paid $122,078 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.7% of premiums. That is $378 per covered person, above the median for employer plans that report broker pay. Broker pay rose 12% from $108,944 in 2023.