Plan Ledger DOL Form 5500 · updated monthly

Oceanfirst Bankbenefits

Oceanfirst Bank Group Benefits Plan · TOMS RIVER, NJ · plan year 2024

Broker compensation reported · 2024
$125,477

Oceanfirst Bank's benefits plans covered 943 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $125,477 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $133 per covered person, below the median for employer plans that report broker pay. Broker pay rose 3.7% from $120,978 in 2023.

Insurance contracts · 20243
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 943 covered
QUANTUM HEALTH SOLUTIONSpremiums n/a · 910 covered
VISION SERVICE PLAN · visionpremiums n/a · 636 covered
Brokers & agents paid · 20242
CORPORATE SYNERGIES GROUP LLC$122,417 · incl $49,521 fees
Also brokered by Corporate Synergies Group LLC5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 210607451 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.