Plan Ledger DOL Form 5500 · updated monthly

Liberty Bankbenefits

Liberty Bank Flexible Benefits Plan · MIDDLETOWN, CT · plan year 2024

Broker compensation reported · 2024
$142,898

Liberty Bank's benefits plans covered 807 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $142,898 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $177 per covered person, below the median for employer plans that report broker pay. Brokers were paid 6.5x the $21,839 reported for 2023.

Insurance contracts · 20246
FEDERAL INSURANCE COMPANYpremiums n/a · 807 covered
ZURICH AMERICAN INSURANCE COMPANYpremiums n/a · 807 covered
UNITED BEHAVIORAL HEALTH DBA OPTUMpremiums n/a · 840 covered
UNITEDHEALTHCARE INSURANCE COMPANY · visionpremiums n/a · 1,295 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 807 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life ltdpremiums n/a · 807 covered
Brokers & agents paid · 20242
LOCKTON SPECIALTIES, LLC$19,867 · incl $19,867 fees
LOCKTON COMPANIES, LLC$123,031 · incl $24,403 fees
Also brokered by Lockton5
Banner Health AZ$3,011,257

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 060452570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.