Southgate Automotive, Inc.benefits

Southgate Automotive, Inc.'s benefits plans covered 124 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $36,523. Insurance brokers and agents were paid $38,118 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 104.4% of premiums. That is $307 per covered person, above the median for employer plans that report broker pay. Broker pay rose 4.3% from $36,553 in 2023.