Florence Bankbenefits
Florence Bank Section 125 Plan · FLORENCE, MA · plan year 2025
Broker compensation reported · 2025
$65,813
Florence Bank's benefits plans covered 316 active participants in 2025, providing health · life · long-term disability · death benefits. Insurance brokers and agents were paid $65,813 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $208 per covered person, above the median for employer plans that report broker pay. Broker pay fell 8.0% from $71,501 in 2024.
Insurance contracts · 20256
DELTA DENTAL · dentalpremiums n/a · 316 covered
HARVARD PILGRIM HEALTH CARE HMO BB BLUE · healthpremiums n/a · 187 covered
HARVARD PILGRIM HEALTH CARE HMO BB GREEN · healthpremiums n/a · 25 covered
HARVARD PILGRIM HEALTH CARE HMO BB ORANGE · healthpremiums n/a · 60 covered
HARVARD PILGRIM HEALTH CARE PPO BB YELLOW · healthpremiums n/a · 5 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life ltdpremiums n/a · 206 covered
Brokers & agents paid · 20251
USI INSURANCE SERVICES, LLC$65,813 · incl $20,518 fees
Also brokered by Usi5
Bellin Gundersen Health System, Inc. WI$1,176,993
Multicare Health System WA$978,186
Sealing Devices Inc NY$933,531
Baywater Drilling, LLC TX$880,751
Adapthealth, LLC PA$827,688
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 041332530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.