Plan Ledger DOL Form 5500 · updated monthly

Bankprovbenefits

Bankprov Health and Welfare Benefit Plan · AMESBURY, MA · plan year 2024

Broker compensation reported · 2024
$17,779

Bankprov's benefits plans covered 172 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $17,779 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $103 per covered person, below the median for employer plans that report broker pay. Broker pay fell 27% from $24,281 in 2023.

Insurance contracts · 20242
VISION SERVICE PLAN · visionpremiums n/a · 122 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 172 covered
Brokers & agents paid · 20243
CRONIN, GERVINO & WARLICK INC.$14,195
NFP INSURANCE SERVICES, INC.$2,317 · incl $2,317 fees
MASS FINANCIAL SVCS INS AGENCY$1,267
Also brokered by Cronin, Gervino & Warlick Inc.5
Decco, Inc. NH$24,222

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 043497377 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.