Spring Healtcare Cooperative Inc
Updated Filing received by DOL
Spring Healtcare Cooperative Inc, a finance & insurance employer in Boston, Massachusetts, reported 216 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.1M in insurance premiums across 1 contract and $36,900 in broker commissions and fees. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on November 5, 2025, 21 days after the extended deadline.
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 |
|---|---|---|---|---|
| Mass General Brigham Health Planhealth, prescription drug, HMO, PPO | — | $2.1M | $36,900 | 1.8% |
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 Spring Healtcare Cooperative Inc 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.
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 | 137 | 216 | +57.7% |
| Premiums filed | $1,791,929 | $2,096,596 | +17.0% |
| Broker commissions + fees | $1,829,743 | $36,900 | −98.0% |
| 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 |
|---|---|---|---|---|
| Spring Healthcare Cooperative, Inc#501 · insurance | December 31, 2024 | November 5, 2025 | 21 days late | 216 |
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 Spring Healtcare Cooperative Inc pay in health insurance broker commissions in 2024?
Spring Healtcare Cooperative Inc's 2024 Form 5500 reports $36,900 in broker commissions and fees across 1 insurance contracts ($36,900 in commissions, $0 in fees).
Is Spring Healtcare Cooperative Inc'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 Mass General Brigham Health Plan.
How does Spring Healtcare Cooperative Inc's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Spring Healtcare Cooperative Inc because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 200-499 participants that disclosed broker pay reported a median of $77,013.
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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.