Otto's Imported Cars, LTD.benefits

Otto's Imported Cars, LTD.'s benefits plans covered 100 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · other. Insurance premiums totaled $976,236. Insurance brokers and agents were paid $25,657 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.6% of premiums. That is $257 per covered person, above the median for employer plans that report broker pay. Broker pay rose 52% from $16,932 in 2023.