Garcia Automotive Groupbenefits
Welfare Benefit Plan · ALBUQUERQUE, NM · plan year 2024
Broker compensation reported · 2024
$16,852
Garcia Automotive Group's benefits plans covered 184 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $54,182. Insurance brokers and agents were paid $16,852 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 31.1% of premiums. That is $92 per covered person, below the median for employer plans that report broker pay. Broker pay fell 16% from $20,097 in 2023.
Insurance contracts · 20244
DELTA DENTAL OF NEW MEXICO · dental$54K · 155 covered
AMERICAN FIDELITY ASSURANCE COMPANY · std ltdpremiums n/a · 77 covered
HARTFORD LIFE AND ACCIDENT · lifepremiums n/a · 189 covered
VISION SERVICE PLAN · visionpremiums n/a · 76 covered
Brokers & agents paid · 20245
AMERICAN FIDELITY ASSURANCE COMPANY$6,020
AON CONSULTING INC.$4,524 · incl $91 fees
NM AUTOMOTIVE DEALERS$1,586 · incl $1,586 fees
AON RISK SERVICES CENTRAL INC.$14 · incl $14 fees
Also brokered by American Fidelity Assurance Company5
Pennsylvania Automotive Association PA$472,432
The Rockmont Motor Company MD$169,642
Pennsylvania Automotive Association PA$109,668
Shelly Automotive, LLC CA$69,479
M & N Dealerships X LLC CA$64,593
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 850199988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.