Merchants Automotive Group, LLCbenefits

Merchants Automotive Group, LLC's benefits plans covered 524 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $388,524. Insurance brokers and agents were paid $60,235 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.5% of premiums. That is $115 per covered person, below the median for employer plans that report broker pay. Broker pay rose 57% from $38,323 in 2023.