Shaheen Automotive Groupbenefits
The Shaheen Automotive Group Consolidated Benefits Plan · LANSING, MI · plan year 2024
Shaheen Automotive Group's benefits plans covered 265 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $12,875,085. Insurance brokers and agents were paid $467,221 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.6% of premiums. That is $1,763 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 3.5x the $134,979 reported for 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381941335 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.