Spectrum Solutions, Inc.benefits
Spectrum Solutions, Inc. · MADISON, AL · plan year 2024
Broker compensation reported · 2024
$41,923
Spectrum Solutions, Inc.'s benefits plans covered 165 active participants in 2024, providing long-term disability · short-term disability · life · dental. Insurance brokers and agents were paid $41,923 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $254 per covered person, above the median for employer plans that report broker pay. Broker pay rose 25% from $33,591 in 2023.
Insurance contracts · 20245
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · stdpremiums n/a · 164 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 164 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 165 covered
THE LINCOLN FINANCIAL GROUP · dentalpremiums n/a · 130 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 8 covered
Brokers & agents paid · 20242
MCGRIFF INSURANCE SERVICES$40,500
Also brokered by McGriff5
Truist Financial Corporation NC$3,131,925
Valero Energy Corporation TX$1,969,297
Old Dominion Freight Line, Inc. NC$1,796,474
Pratt Industries, Inc. GA$1,720,663
El Camino Hospital CA$1,115,318
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 631277338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.