Springwell Incbenefits
Springwell Inc Welfare Benefit Plan · WALTHAM, MA · plan year 2024
Springwell Inc's benefits plans covered 121 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $172,430. Insurance brokers and agents were paid $63,338 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 36.7% of premiums. That is $523 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 12% from $56,804 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042616064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.