First Hope Bank, N.A.benefits
First Hope Bank, N. a. Health & Welfare Plan · HOPE TOWNSHIP, NJ · plan year 2025
First Hope Bank, N.A.'s benefits plans covered 108 active participants in 2025, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $55,999. Insurance brokers and agents were paid $93,226 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 166.5% of premiums. That is $863 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 20% from $77,737 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 220998445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.