Lane Automotive, Inc.benefits
Lane Automotive Welfare Benefit Plan · WATERVLIET, MI · plan year 2025
Previously filed as Lane Automotive Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Lane Automotive, Inc.'s benefits plans covered 447 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $185,502. Insurance brokers and agents were paid $36,710 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.8% of premiums. That is $82 per covered person, below the median for employer plans that report broker pay. Broker pay rose 20% from $30,505 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 381902345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.