Plan Ledger DOL Form 5500 · updated monthly

Heritage Bank of Commercebenefits

Heritage Bank Health & Welfare Plan · SAN JOSE, CA · plan year 2024

Broker compensation reported · 2024
$33,010

Heritage Bank of Commerce's benefits plans covered 340 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $33,010 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $97 per covered person, below the median for employer plans that report broker pay. Broker pay fell 94% from $597,604 in 2023.

Insurance contracts · 20245
AFLAC · life std ltdpremiums n/a · 33 covered
COLONIAL LIFE & ACCIDENT INSURANCE COMPANY · life stdpremiums n/a · 25 covered
KAISER FOUNDATION HEALTH PLAN, INC. · health drug hmopremiums n/a · 275 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 350 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · dental vision life std ltdpremiums n/a · 343 covered
Brokers & agents paid · 20247
VITA INSURANCE ASSOCIATES, INC.$29,366 · incl $21,260 fees
TIMOTHY C. QUINN AND OTHER AGENTS$886
RICHARD B. MILLANG INS. SVCS., INC.$671
HOLLERN & ASSOCIATES INCORPORATED$213
BALTOR INSURANCE SERVICES$209
7 individual agents · names withheld$1,126

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by Vita Insurance Associates, Inc.5
Psiquantum CA$257,977

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 770360405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.