McGrath Automotive Group, Inc.benefits

McGrath Automotive Group, Inc.'s benefits plans covered 672 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,348,255. Insurance brokers and agents were paid $47,048 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.0% of premiums. That is $70 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 1.8% from $46,194 in 2023.