Plan Ledger DOL Form 5500 · updated monthly

Preston Automotive Groupbenefits

Preston Automotive Group Welfare Benefit Plan · PRESTON, MD · plan year 2024

Broker compensation reported · 2024
$339,699

Preston Automotive Group's benefits plans covered 684 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $4,007,225. Insurance brokers and agents were paid $339,699 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.5% of premiums. That is $497 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 140% from $141,741 in 2023.

Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision ppo$2.0M · 410 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision ppo$2.0M · 394 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 684 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 645 covered
Brokers & agents paid · 20243
RELATION INSURANCE, INC.$150,049 · incl $134,283 fees
USI INSURANCE SERVICES LLC$180,957 · incl $148,862 fees
RELATION INSURANCE SERVICES$8,693
Also brokered by Relation Insurance, Inc.1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 521042895 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.