Newport News Shipbuilding Employees Credit Union, Inc.benefits

Newport News Shipbuilding Employees' Credit Union, Inc. dba Bayport Credit Union Employee Benefits Plan · NEWPORT NEWS, VA · plan year 2024

Previously filed as Newport News Shipbuilding Employees Credit Union, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.

Broker compensation reported · 2024

$170,664

Newport News Shipbuilding Employees Credit Union, Inc.'s benefits plans covered 420 active participants in 2024, providing health · life · dental · long-term disability · death benefits · other. Insurance brokers and agents were paid $170,664 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $406 per covered person, above the median for employer plans that report broker pay. Broker pay rose 3.0% from $165,613 in 2023.

Insurance contracts · 20247
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYpremiums n/a · 173 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYpremiums n/a · 190 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 543 covered
ANTHEM HEALTH PLANS OF VIRGINIA DBA ANTHEM BCBS · visionpremiums n/a · 389 covered
AMERITAS LIFE INSURANCE CORP. · visionpremiums n/a · 265 covered
HM LIFE INSURANCE COMPANY · stop-losspremiums n/a · 391 covered
LEGAL RESOURCES OF VIRGINIA, INC.premiums n/a · 141 covered

Brokers & agents paid · 202412
BROWN & BROWN INSURANCE SERVICES$87,421
BROWN & BROWN SERVICES$23,057
GIS BENEFITS$10,427 · incl $10,427 fees
GIS BENEFITS INC$20,247 · incl $7,147 fees
BOON CHAPMAN BNFT ADMNSTRS$8,089 · incl $8,089 fees
HOME OFFICE TPA PAYS COMMISSION$4,347
BROWN & BROWN INS SERVICES INC$7,178 · incl $1,564 fees
BROWN & BROWN INS SERVICES$2,338 · incl $2,338 fees
BOON CHAPMAN BNFT ADMNSTRS INC$5,583 · incl $5,583 fees
BROWN & BROWN INSURANCE SERVICES IN$839 · incl $839 fees
EMPLOYEE BENEFITS CORPORATION OF AM$766
GIS BENEFITS INC.$372

Also brokered by Brown & Brown5
Beth Israel Lahey Health, Inc. MA$3,690,428
President & Fellows of Harvard College Harvard Human Resources, Benefi MA$1,823,091
Dana-Farber Cancer Institute, Inc. MA$1,776,211
Bj's Wholesale Club, Inc. MA$1,391,058
Srm Concrete, LLC TN$1,315,284

Why are you looking at this plan?

Newport News Shipbuilding Employees Credit Union, Inc.'s retirement plan: fees & contributions

How these broker payments compare nationally

Employer health plans in Virginia

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 540314180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.