First Commerce Bankbenefits
The First Commerce Bank Health & Welfare Benefit Plan · LAKEWOOD, NJ · plan year 2025
First Commerce Bank's benefits plans covered 155 active participants in 2025, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $122,123. Insurance brokers and agents were paid $144,019 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 117.9% of premiums. That is $929 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 72% from $512,527 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 203528237 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.