Machias Savings Bankbenefits
Machias Savings Bank Health & Welfare Benefit Plan · MACHIAS, ME · plan year 2025
Broker compensation reported · 2025
$47,237
Machias Savings Bank's benefits plans covered 292 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $47,237 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $162 per covered person, below the median for employer plans that report broker pay. Broker pay fell 58% from $112,276 in 2024.
Insurance contracts · 20258
UNUM INSURANCE COMPANYpremiums n/a · 63 covered
UNUM INSURANCE COMPANYpremiums n/a · 87 covered
VISION SERVICE PLAN · visionpremiums n/a · 225 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 435 covered
HARTFORD LIFE AND ACCIDENTpremiums n/a · 299 covered
UNUM INSURANCE COMPANYpremiums n/a · 110 covered
UNUM INSURANCE COMPANY OF AMERICA · stdpremiums n/a · 313 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dentalpremiums n/a · 299 covered
Brokers & agents paid · 20253
CROSS INSURANCE$44,919 · incl $8,483 fees
CROSS INSURANCE - BANGOR$2,187 · incl $376 fees
WOODROW W CROSS AGENCY$131
Also brokered by Cross Insurance5
Vanguard Renewables, LLC MA$112,358
Community Legal Aid, Inc. MA$70,622
Bar Harbor Bank & Trust ME$24,720
Community Health and Counseling Services ME$21,643
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 010111800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.