Plan Ledger DOL Form 5500 · updated monthly

Newtekonebenefits

Newtekone Welfare Benefit Plan · BOCA RATON, FL · plan year 2025

Broker compensation reported · 2025
$540,575

Newtekone's benefits plans covered 568 active participants in 2025, providing health · life · dental · vision · death benefits · short-term disability · long-term disability · other. Insurance brokers and agents were paid $540,575 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $952 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 1.8% from $550,728 in 2024.

Insurance contracts · 20253
CIGNA HEALTH AND LIFE INSURANCE COMPANY · healthpremiums n/a · 394 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · dentalpremiums n/a · 448 covered
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 564 covered
Brokers & agents paid · 20255
NEWTEK INSURANCE AGENCY LLC$318,067 · incl $309,809 fees
DONALD C SAVOY INC$88,951 · incl $88,951 fees
RISK PLACEMENT SERVICES$68,052 · incl $68,052 fees
RISK PLACEMENT SERVICES INC$59,095 · incl $9,748 fees
SAVOY ASSOCIATES$6,410 · incl $6,410 fees

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 463755188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.