Plan Ledger DOL Form 5500 · updated monthly

Sp Investments III, LLCbenefits

Security Properties Health and Welfare Plan · SEATTLE, WA · plan year 2025

Broker compensation reported · 2025
$59,278

Sp Investments III, LLC's benefits plan covered 490 active participants in 2025, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $339,349. Insurance brokers and agents were paid $59,278 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 17.5% of premiums. That is $121 per covered person, below the median for employer plans that report broker pay.

Insurance contracts · 20253
DELTA DENTAL OF WASHINGTON · dental$339K · 652 covered
VISION SERVICE PLAN · visionpremiums n/a · 382 covered
METROPOLITAN LIFE INSURANCE COMPANY · life stdpremiums n/a · 490 covered
Brokers & agents paid · 20252
CONNEXION INSURANCE SOLUTIONS, INC.$13,492 · incl $72 fees
USI INSURANCE SERVICES LLC$45,786 · incl $7,328 fees
Also brokered by Connexion Insurance Solutions, Inc.5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 273854827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.