Nbt Bancorp Inc.benefits
Nbt Bancorp Inc. Severance Pay Plan · NORWICH, NY · plan year 2024
Broker compensation reported · 2024
$184,840
Nbt Bancorp Inc.'s benefits plans covered 2,105 active participants in 2024. Insurance premiums totaled $148,747. Insurance brokers and agents were paid $184,840 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 124.3% of premiums. That is $88 per covered person, below the median for employer plans that report broker pay. Broker pay rose 25% from $147,362 in 2023.
Insurance contracts · 20249
VISION SERVICE PLAN · vision$149K · 1,504 covered
RENAISSANCE LIFE & HEALTH INSURANCE COMPANY OF NEW YORK · lifepremiums n/a · 2,082 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 2,082 covered
EMPLOYEE NETWORK, INC.premiums n/a · 1,770 covered
DELTA DENTAL OF NEW YORK · dentalpremiums n/a · 3,216 covered
FIRST RELIANCE STANDARD · ltdpremiums n/a · 2,579 covered
EMPLOYEE NETWORK, INC.premiums n/a · 259 covered
FIRST RELIANCE STANDARD · stdpremiums n/a · 2,040 covered
EMPLOYEE NETWORK, INC.premiums n/a · 95 covered
Brokers & agents paid · 20242
NBT INSURANCE AGENCY, LLC$91,395
AON CONSULTING INC$93,445 · incl $26,681 fees
Also brokered by Nbt Insurance Agency, LLC1
Hinman, Howard & Kattell, LLP NY$3,603
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 161268674 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.