Detroit Manufacturing Systems, LLCbenefits
Detroit Manufacturing Systems, LLC Employee Benefit Plan · DETROIT, MI · plan year 2024
Detroit Manufacturing Systems, LLC's benefits plans covered 1,069 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $520,487. Insurance brokers and agents were paid $201,661 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 38.7% of premiums. That is $189 per covered person, below the median for employer plans that report broker pay. Broker pay fell 16% from $238,875 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 453810227 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.