Plan Ledger DOL Form 5500 · updated monthly

Springwell Incbenefits

Springwell Inc Welfare Benefit Plan · WALTHAM, MA · plan year 2024

Broker compensation reported · 2024
$63,338

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.

Insurance contracts · 20245
BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. · dental$172K · 301 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life std ltdpremiums n/a · 230 covered
HARVARD PILGRIM HEALTH CARE · healthpremiums n/a · 81 covered
HARVARD PILGRIM HEALTH CARE · healthpremiums n/a · 157 covered
Brokers & agents paid · 20246
COMPREHENSIVE BENEFIT ADMINISTRATOR$8,805
HP PLANNING LLC DBA ALERA NORTHEAST$2,532
HP PLANNING LLC$1,181
GALLAGHER BENEFIT SERVICES INC$40,363 · incl $16,368 fees
EASTERN BENEFITS GROUP$856
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042616064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.