The Spiratex Companybenefits
The Spiratex Company Health & Welfare Plan · ROMULUS, MI · plan year 2025
The Spiratex Company's benefits plans covered 147 active participants in 2025, providing health · life · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,624,300. Insurance brokers and agents were paid $90,504 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.6% of premiums. That is $616 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 81% from $49,884 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 381859432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.