Cochran Motors, Inc.benefits

Cochran Motors, Inc.'s benefits plans covered 1,083 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $115,624. Insurance brokers and agents were paid $300,176 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 259.6% of premiums. That is $277 per covered person, above the median for employer plans that report broker pay. Broker pay rose 8.3% from $277,083 in 2023.