Plan Ledger DOL Form 5500 · updated monthly

Norway Savings Bankbenefits

Norway Savings Bank Welfare Benefits Plan · NORWAY, ME · plan year 2025

Broker compensation reported · 2025
$73,602

Norway Savings Bank's benefits plans covered 300 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $73,602 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $245 per covered person, above the median for employer plans that report broker pay. Broker pay rose 26% from $58,458 in 2024.

Insurance contracts · 20255
DELTA DENTAL OF MAINE · dentalpremiums n/a · 388 covered
VISION SERVICE PLAN · visionpremiums n/a · 193 covered
RELIANCE STANDARD LIFE INSURANCE COMPANYpremiums n/a · 300 covered
UNUM INSURANCE COMPANYpremiums n/a · 72 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 300 covered
Brokers & agents paid · 20255
HUB INTERNATIONAL NEW ENGLAND, LLC$29,297 · incl $5,780 fees
NEESENROLL$10,222 · incl $10,222 fees
CROSS INSURANCE$20,618 · incl $6,000 fees
JAMES R. NELLIGAN & ASSOCIATES$10,775 · incl $10,775 fees
Also brokered by HUB International5
Rfe/Rl, Inc. DC$1,044,707

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2025, EIN 010130870 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.