Spectrum Automotive Holdings LLCbenefits

Spectrum Automotive Holdings LLC's benefits plans covered 794 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $414,836. Insurance brokers and agents were paid $208,073 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 50.2% of premiums. That is $262 per covered person, above the median for employer plans that report broker pay. Brokers were paid 3.3x the $63,475 reported for 2023.