Driven Brands Inc.benefits
Driven Brands Inc. Health and Welfare Benefit Plan · CHARLOTTE, NC · plan year 2024
Driven Brands Inc.'s benefits plans covered 8,233 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,716,398. Insurance brokers and agents were paid $203,215 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 11.8% of premiums. That is $25 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 74% from $776,560 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 200381531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.