Spring Eqbenefits

Spring Eq's benefits plans covered 461 active participants in 2024, providing life · dental · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $3,741,516. Insurance brokers and agents were paid $163,226 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.4% of premiums. That is $354 per covered person, above the median for employer plans that report broker pay. Broker pay fell 17% from $197,731 in 2023.