Plan Ledger DOL Form 5500 · updated monthly

Lowell Five Bankbenefits

Lowell Five Bank Vision Plan · TEWKSBURY, MA · plan year 2025

Broker compensation reported · 2025
$1,852

Lowell Five Bank's benefits plans covered 111 active participants in 2025, providing vision. Insurance brokers and agents were paid $1,852 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $17 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 57% from $1,181 in 2024.

Insurance contracts · 20251
VSP VISION CARE · visionpremiums n/a · 111 covered
Brokers & agents paid · 20251
MASS FINANCIAL SVCS INS AGENCY, INC$1,852 · incl $1,852 fees
Also brokered by Mass Financial Svcs Ins Agency, Inc5
Peoplesbank MA$3,697
Needham Bank MA$3,684

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 453131005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.