Banknewportbenefits
Banknewport Welfare Benefits Plan · MIDDLETOWN, RI · plan year 2025
Broker compensation reported · 2025
$129,031
Banknewport's benefits plans covered 328 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance brokers and agents were paid $129,031 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $393 per covered person, above the median for employer plans that report broker pay. Broker pay rose 0.8% from $128,059 in 2024.
Insurance contracts · 20254
RELIANCE STANDARD LIFE INSURANCE COMPANY · life ltdpremiums n/a · 328 covered
BLUE CROSS BLUE SHIELD OF RHODE ISLAND · health drug ppopremiums n/a · 486 covered
DELTA DENTAL OF RHODE ISLAND · visionpremiums n/a · 413 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 328 covered
Brokers & agents paid · 20252
GALLAGHER BENEFIT SERVICES, INC.$125,205 · incl $88,179 fees
AJG BENEFIT SERVICES$3,826
Also brokered by Gallagher5
Encompass Health Corporation AL$3,547,517
Florida Health Sciences Center, Inc. FL$3,300,730
Academic Medical Group FL$3,300,730
Prisma Health SC$2,123,789
Ahs Management Company, Inc. TN$2,061,754
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 202633950 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.