Plan Ledger DOL Form 5500 · updated monthly

Spero Academybenefits

Spero Academy Health and Welfare Benefit Plan · MINNEAPOLIS, MN · plan year 2024

Broker compensation reported · 2024
$70,478

Spero Academy's benefits plans covered 153 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $63,304. Insurance brokers and agents were paid $70,478 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 111.3% of premiums. That is $461 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 15% from $61,448 in 2023.

Insurance contracts · 20245
DELTA DENTAL OF MINNESOTA · dental$63K · 162 covered
MEDICA INSURANCE COMPANY · healthpremiums n/a · 155 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 94 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 153 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 15 covered
Brokers & agents paid · 20245
USI INSURANCE SERVICES LLC$42,544 · incl $3,053 fees
THE HORTON GROUP, A MARSH & MCLENNA$2,178
MARSH & MCLENNAN AGENCY$1,657 · incl $305 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 200309518 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.