Plan Ledger DOL Form 5500 · updated monthly

Kearny Bankbenefits

Kearny Bank Health Plan · FAIRFIELD, NJ · plan year 2025

Broker compensation reported · 2025
$448,948

Kearny Bank's benefits plans covered 593 active participants in 2025, providing health. Insurance brokers and agents were paid $448,948 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $757 per covered person, in the top 10% of employer plans that report broker pay. Broker pay was essentially unchanged from 2024.

Insurance contracts · 20251
CIGNA HEALTH AND LIFE INSURANCE COMPANY · healthpremiums n/a · 593 covered
Brokers & agents paid · 20253
BANKERS COOPERATIVE GROUP, INC.$241,100 · incl $241,100 fees
DONALD C SAVOY INC$122,015 · incl $122,015 fees
RISK PLACEMENT SERVICES$85,833 · incl $85,833 fees
Also brokered by Bankers Cooperative Group, Inc.2

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 221032860 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.