M&M Luxury Automotive, LLCbenefits

M&M Luxury Automotive, LLC's benefits plans covered 107 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $622,480. Insurance brokers and agents were paid $64,476 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.4% of premiums. That is $603 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 18% from $54,740 in 2023.