Spectrum Industries, Inc.benefits
Spectrum Industries Employee Benefit Health Plan · GRAND RAPIDS, MI · plan year 2024
Broker compensation reported · 2024
$4,214
Spectrum Industries, Inc.'s benefits plans covered 342 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $4,214 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $12 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 3.4% from $4,075 in 2023.
Insurance contracts · 20242
VISION SERVICE PLAN · visionpremiums n/a · 111 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 189 covered
Brokers & agents paid · 20242
ALLIANCE FINANCIAL & INSURANCE$3,335
ALLIANCE FINANCIAL INSURANCE AGENCY$879
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382882774 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.