Vern Eide Motorcars, Inc.benefits

Vern Eide Motorcars, Inc.'s benefits plans covered 477 active participants in 2024, providing life · short-term disability · long-term disability · other. Insurance premiums totaled $2,261,355. Insurance brokers and agents were paid $157,540 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.0% of premiums. That is $330 per covered person, above the median for employer plans that report broker pay. Brokers were paid 4.2x the $37,822 reported for 2023.