Plan Ledger DOL Form 5500 · updated monthly

Solupay dba Versapaybenefits

Solupay dba Versapay Wrap Benefit Plan · MIAMI, FL · plan year 2025

Broker compensation reported · 2025
$96,597

Solupay dba Versapay's benefits plans covered 223 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,429,403. Insurance brokers and agents were paid $96,597 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.8% of premiums. That is $433 per covered person, in the top quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2024.

Insurance contracts · 20254
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug$1.4M · 233 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dentalpremiums n/a · 173 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 223 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 233 covered
Brokers & agents paid · 20251
GALLAGHER BENEFIT SERVICES, INC.$96,597 · incl $63,880 fees
Also brokered by Gallagher5
Prisma Health SC$2,123,789

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 200847158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.