Recar, Inc.benefits
Recar, Inc. Wrap Benefit Plan · TROY, MI · plan year 2025
Recar, Inc.'s benefits plans covered 203 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $5,875,578. Insurance brokers and agents were paid $264,544 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.5% of premiums. That is $1,303 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 38% from $191,738 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 882384023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.