Plan Ledger DOL Form 5500 · updated monthly

Petersburg Motor Companybenefits

Petersburg Motor Company Inc dba Carter Myers Automotive Welfare Benefit Plan · CHARLOTTESVILLE, VA · plan year 2024

Broker compensation reported · 2024
$357,803

Petersburg Motor Company's benefits plans covered 962 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $357,803 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $372 per covered person, above the median for employer plans that report broker pay. Broker pay rose 42% from $252,746 in 2023.

Insurance contracts · 20243
AMERITAS LIFE INSURANCE CORP. · visionpremiums n/a · 1,251 covered
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 962 covered
TRUSTMARK INSURANCE COMPANY · lifepremiums n/a · 24 covered
Brokers & agents paid · 20241
HILB GROUP OF MARYLAND$357,803 · incl $83,740 fees
Also brokered by Hilb Group of Maryland5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 540338910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.