Plan Ledger DOL Form 5500 · updated monthly

Harborstone Credit Unionbenefits

Harborstone Credit Union Welfare Benefit Plan · LAKEWOOD, WA · plan year 2025

Broker compensation reported · 2025
$171,672

Harborstone Credit Union's benefits plans covered 413 active participants in 2025, providing health · life · dental · long-term disability · death benefits · other. Insurance premiums totaled $275,471. Insurance brokers and agents were paid $171,672 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 62.3% of premiums. That is $416 per covered person, above the median for employer plans that report broker pay. Broker pay rose 39% from $123,220 in 2024.

Insurance contracts · 20253
STANDARD INSURANCE COMPANY · life ltd$275K · 466 covered
FIRST CHOICE HEALTHpremiums n/a · 460 covered
REGENCE BLUESHIELD · health drug ppopremiums n/a · 547 covered
Brokers & agents paid · 20251
PROPEL INSURANCE AGENCY, LLC$171,672 · incl $16,962 fees
Also brokered by Propel Insurance Agency, LLC5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 910659059 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.