Connectone Bankbenefits
Connectone Bank Welfare Benefits Plan · ENGLEWOOD CLIFFS, NJ · plan year 2025
Broker compensation reported · 2025
$411,717
Connectone Bank's benefits plans covered 785 active participants in 2025, providing health · life · dental · vision · long-term disability · short-term disability · other. Insurance brokers and agents were paid $411,717 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $524 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 26% from $327,907 in 2024.
Insurance contracts · 20253
CIGNA HEALTH & LIFE INSURANCE COMPANY · healthpremiums n/a · 776 covered
GUARDIAN · dental vision life std ltdpremiums n/a · 785 covered
METLIFE LEGAL PLANSpremiums n/a · 732 covered
Brokers & agents paid · 20255
RISK PLACEMENT SERVICES INC.$144,917 · incl $21,167 fees
OTTERSTEDT INSURANCE AGENCY$129,999 · incl $129,999 fees
RISK PLACEMENT SERVICES, INC$66,962 · incl $66,962 fees
DONALD C. SAVOY INC$63,042 · incl $63,042 fees
OTTERSTEDT INSURANCE AGENCY INC$6,797
Also brokered by Risk Placement Services Inc.2
DVM Manufacturing, LLC PA$1,035
Crescentis Ventures, Inc. NJ$745
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 201172127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.