First National Bankbenefits
First National Bank Welfare Benefit Plan · DAMARISCOTTA, ME · plan year 2024
Broker compensation reported · 2024
$88,340
First National Bank's benefits plans covered 282 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $88,340 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $313 per covered person, above the median for employer plans that report broker pay. Broker pay fell 34% from $134,041 in 2023.
Insurance contracts · 20246
CIGNA HEALTH AND LIFE INSURANCE COMPANY · dentalpremiums n/a · 177 covered
ANTHEM LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 289 covered
HPHC INSURANCE COMPANY · health visionpremiums n/a · 137 covered
HPHC INSURANCE COMPANY · health visionpremiums n/a · 204 covered
HPHC INSURANCE COMPANY · health visionpremiums n/a · 136 covered
STANDARD INSURANCE COMPANY · life std ltdpremiums n/a · 298 covered
Brokers & agents paid · 20243
CROSS INSURANCE - BANGOR$73,971
CROSS INSURANCE INC$9,800
CROSS BENEFIT SOLUTIONS$4,569 · incl $4,569 fees
Also brokered by Cross Insurance - Bangor5
Cross Financial Corp ME$280,919
Machias Savings Bank ME$74,464
Ohi ME$29,890
Androscoggin Savings Bank ME$16,132
Woodfords Family Services ME$13,508
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 010067810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.