Re/Spec Inc.benefits
Respec Welfare Benefit Plan · RAPID CITY, SD · plan year 2024
Broker compensation reported · 2024
$46,320
Re/Spec Inc.'s benefits plans covered 475 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance brokers and agents were paid $46,320 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $98 per covered person, below the median for employer plans that report broker pay. Broker pay fell 25% from $61,651 in 2023.
Insurance contracts · 20246
VISION SERVICE PLAN · visionpremiums n/a · 384 covered
DELTA DENTAL OF SOUTH DAKOTA · dentalpremiums n/a · 890 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 475 covered
TRANSCARENTpremiums n/a · 475 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 475 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · life ltdpremiums n/a · 475 covered
Brokers & agents paid · 20245
AVANT SPECIALTY BENEFITS LLC$4,289 · incl $4,289 fees
HOLMES, MURPHY AND ASSOCIATES$2,006
HOLMES, MURPHY AND ASSOCIATES, LLC$340
Also brokered by Holmes Murphy5
Garmin International, Inc. KS$727,501
Conexon, LLC MO$632,134
Builders Firstsource, Inc. TX$526,746
Austin Industries, Inc. TX$410,300
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 460315848 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.