McGrath Enterprises, Inc.benefits
McGrath Automotive Group Health and Welfare Benefit Plan · ELGIN, IL · plan year 2024
Broker compensation reported · 2024
$148,693
McGrath Enterprises, Inc.'s benefits plans covered 293 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance brokers and agents were paid $148,693 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $507 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 6.2x the $23,988 reported for 2023.
Insurance contracts · 20242
BLUECROSS BLUESHIELD OF ILLINOIS · healthpremiums n/a · 554 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · dental vision life stdpremiums n/a · 293 covered
Brokers & agents paid · 20243
VALLEY COMPANIES, INC.$122,194 · incl $1 fees
CRUM HALSTED AGENCY, INC.$26,498
MCGRATH AUTOMOTIVE GROUP$1 · incl $1 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 363432209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.