Spec's Family Partners, LTD.
Updated Filing received by DOL
Spec's Family Partners, LTD., a retail — stores, food, auto, clothing employer in Houston, Texas, reported 868 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $2.5M in insurance premiums across 3 contracts and $449,346 in broker commissions and fees. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on June 29, 2026, before the deadline.
Who was paid on Spec's Family Partners, LTD.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Spec's Family Partners, LTD. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Brown & Brown · Dallas, TX | $114,761 | $136,013 | $250,774 | 3 |
| Harco Financial Services · Houston, TX | $183,803 | $0 | $183,803 | 1 |
| Hays Companies · Milwaukee, WI | $0 | $14,769 | $14,769 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Reliance Standard Life Insurance Companyhealth, life, short-term disability, long-term disability, prescription drug, indemnity | 1,175 | $2.5M | $265,650 | 10.7% |
| Cigna Health and Life Insurance Company and Affiliatesdental, vision, indemnity | 1,694 | — | $47,683 | — |
| Cigna Health and Life Insurance Companyhealth, prescription drug | 522 | — | $136,013 | — |
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Spec's Family Partners, LTD. compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Premium per covered person on medical contracts: $2,122 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 525 | 868 | +65.3% |
| Premiums filed | $0 | $2,493,894 | not comparable |
| Broker commissions + fees | $462,325 | $449,346 | −2.8% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Spec's Family Partners, LTD. Medical Benefit Plan#501 · insurance | November 30, 2025 | June 29, 2026 | before deadline | 868 |
| Spec's Family Partners, LTD. Supplemental Benefits#502 · insurance | November 30, 2025 | June 29, 2026 | before deadline | 448 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Spec's Family Partners, LTD. pay in health insurance broker commissions in 2024?
Spec's Family Partners, LTD.'s 2024 Form 5500 reports $449,346 in broker commissions and fees across 3 insurance contracts ($298,564 in commissions, $150,782 in fees), with Brown & Brown receiving the largest share.
Is Spec's Family Partners, LTD.'s health plan self-funded or fully insured?
The 2024 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by Reliance Standard Life Insurance Company, Cigna Health and Life Insurance Company.
How does Spec's Family Partners, LTD.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Spec's Family Partners, LTD. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 500-999 participants that disclosed broker pay reported a median of $104,902.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.