Lithia Motors, Inc.benefits

Lithia Motors, Inc.'s benefits plans covered 20,994 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $434,097. Insurance brokers and agents were paid $2,453,570 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 565.2% of premiums. That is $117 per covered person, below the median for employer plans that report broker pay. Broker pay rose 11% from $2,204,609 in 2023.