Plan Ledger DOL Form 5500 · updated monthly

Southern Spear, Inc.benefits

Southern Spear, Inc. Health and Welfare Plan · WINSTON-SALEM, NC · plan year 2024

Broker compensation reported · 2024
$94,956

Southern Spear, Inc.'s benefits plans covered 143 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $94,956 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $664 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 29% from $73,703 in 2023.

Insurance contracts · 20243
AMERICAN UNITED LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 105 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · dental visionpremiums n/a · 112 covered
AMERICAN UNITED LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 143 covered
Brokers & agents paid · 20241
USI INSURANCE SERVICES LLC$94,956 · incl $14,188 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 562200209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.