Martinrea Industries Inc.benefits
Martinrea Industries Inc. Employee Benefit Plan · AUBURN HILLS, MI · plan year 2024
Previously filed as Martinrea Industries, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Martinrea Industries Inc.'s benefits plans covered 3,544 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,438,351. Insurance brokers and agents were paid $157,597 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 11.0% of premiums. That is $44 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 47% from $107,361 in 2023.
Why are you looking at this plan?
Source: DOL Form 5500 Schedule A, plan year 2024, EIN 020534783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.