Cooper-Standard Automotive Inc.benefits
Welfare Benefits Plan for Salaried and Non-Union Hourly Employees of Cooper-Standard Automotive Inc. · NORTHVILLE, MI · plan year 2024
Cooper-Standard Automotive Inc.'s benefits plans covered 2,400 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $327,151. Insurance brokers and agents were paid $278,141 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 85.0% of premiums. That is $116 per covered person, below the median for employer plans that report broker pay. Broker pay fell 1.0% from $280,860 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 340549970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.