Billion Motors, Inc.benefits
Billion Motors, Inc. Group Term Life Insurance Plan · SIOUX FALLS, SD · plan year 2025
Previously filed as Billion Motors Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Billion Motors, Inc.'s benefits plans covered 1,102 active participants in 2025, providing life · other. Insurance premiums totaled $7,061,921. Insurance brokers and agents were paid $126,501 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.8% of premiums. That is $115 per covered person, below the median for employer plans that report broker pay. Broker pay rose 10% from $114,762 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 460307139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.