Insurance carrier

SPRING HEALTH

Total premium: $105.9M
Filings: 120
Sponsors: 120
Covered lives: 1,586,033
Market share: 0.04%

health: 4drug: 1

Funding-model mix

The strategic axis. Fully-insured carriers underwrite the risk; ASO/self-funded carriers admin only. MEWA = multi-employer welfare arrangement.

Mixed266.7%
Fully insured133.3%

Benefit-line mix

Contract counts by benefit type. Monoline carriers concentrate in one wedge; full-suite carriers spread across many.

Health480.0%
Prescription drug120.0%

Top states · with penetration index

Plan count by state. Index > 1.0 means over-indexed vs the national share; the carrier dominates that state.

State	Plans	Premium	State share	Index
WA	1	$57K	0.1%	20.57x
MN	1	$111.1M	0.0%	16.72x
CA	1	$680K	0.0%	4.25x

Top industries by premium

NAICS-2 sectors where this carrier writes the most welfare premium.

Sponsor-size mix

Plan count by total participants. Mid-market sales motion vs jumbo enterprise looks completely different.

Prospect-flag exposure · vs market baseline

Share of SPRING HEALTH's book where each ERISA welfare flag is tripped, alongside the market-wide rate.

1-3 of 3 sponsors where SPRING HEALTH is the primary carrier (latest filing per plan)

Sponsor	Loc	Premium	Covered	Funding	Broker
TARGET CORPORATION TARGET CORPORATION EMPLOYEE UMBRELLA WELFARE BENEFIT PLAN	MN	$111.1M	567,290	mixed	PACIFIC RESOURCES BENEFITS ADV LLC
SIERRA NEVADA BREWERY COMPANY, INC. SIERRA NEVADA BREWING CO. WELFARE BENEFITS PLAN	CA	$680K	1,086	mixed	HUB INTERNATIONAL INS SVCS INC.
PIVOTAL ENTERPRISES, LLC PIVOTAL ENTERPRISES, LLC EAP PLAN	WA	$57K	260	fully insured	—

State

Plans

Premium

State share

Index

$57K

0.1%

20.57x

$111.1M

0.0%

16.72x

$680K

0.0%

4.25x

Sponsor

Loc

Premium

Covered

Funding

Broker

TARGET CORPORATION

TARGET CORPORATION EMPLOYEE UMBRELLA WELFARE BENEFIT PLAN

$111.1M

567,290

mixed

PACIFIC RESOURCES BENEFITS ADV LLC

SIERRA NEVADA BREWERY COMPANY, INC.

SIERRA NEVADA BREWING CO. WELFARE BENEFITS PLAN

$680K

1,086

mixed

HUB INTERNATIONAL INS SVCS INC.

PIVOTAL ENTERPRISES, LLC

PIVOTAL ENTERPRISES, LLC EAP PLAN

$57K

260

fully insured

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