Mag Automotive LLCbenefits
Mag Automotive Health & Welfare Plan · STERLING HEIGHTS, MI · plan year 2025
Mag Automotive LLC's benefits plans covered 228 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $199,280. Insurance brokers and agents were paid $108,340 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 54.4% of premiums. That is $475 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 4.4% from $113,342 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 300774344 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.