Hospitality Specialists, Inc.benefits
Hospitality Specialists, Inc. Welfare Benefit Plan · GRAND RAPIDS, MI · plan year 2024
Hospitality Specialists, Inc.'s benefits plans covered 150 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $728,363. Insurance brokers and agents were paid $50,469 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.9% of premiums. That is $336 per covered person, above the median for employer plans that report broker pay. Broker pay rose 72% from $29,423 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 371282513 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.