Plan Ledger DOL Form 5500 · updated monthly

Summit Automotive Management Incbenefits

Summit Automotive Management Inc Welfare Benefit Plan · AUBURN HILLS, MI · plan year 2025

Broker compensation reported · 2025
$41,012

Summit Automotive Management Inc's benefits plans covered 112 active participants in 2025, providing health · life · dental · vision · short-term disability · other. Insurance premiums totaled $46,871. Insurance brokers and agents were paid $41,012 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 87.5% of premiums. That is $366 per covered person, above the median for employer plans that report broker pay. Broker pay fell 12% from $46,411 in 2024.

Insurance contracts · 20258
BLUE CROSS BLUE SHIELD OF MICHIGAN · dental vision$47K · 137 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 50 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · stdpremiums n/a · 30 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 112 covered
UNITEDHEALTHCARE INSURANCE COMPANY · healthpremiums n/a · 7 covered
UNUM INSURANCE COMPANYpremiums n/a · 30 covered
UNUM INSURANCE COMPANYpremiums n/a · 46 covered
UNUM INSURANCE COMPANYpremiums n/a · 31 covered
Brokers & agents paid · 20253
JONATHAN LAU$2,383
LAU & LAU ASSOCIATES LLC$37,494 · incl $504 fees
LAU AND LAU ASSOCIATES LLC$1,135 · incl $1,135 fees

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 831186380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.