Spec's Family Partners, LTD.benefits

Spec's Family Partners, LTD.'s benefits plans covered 1,694 active participants in 2024, providing health · dental · vision. Insurance premiums totaled $2,493,894. Insurance brokers and agents were paid $449,346 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.0% of premiums. That is $265 per covered person, above the median for employer plans that report broker pay. Broker pay fell 2.8% from $462,325 in 2023.