Plan Ledger DOL Form 5500 · updated monthly

Open Bankbenefits

Open Bank Welfare Benefit Plan · LOS ANGELES, CA · plan year 2025

Broker compensation reported · 2025
$239,980

Open Bank's benefits plans covered 250 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits. Insurance brokers and agents were paid $239,980 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $960 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 18% from $202,792 in 2024.

Insurance contracts · 20253
BLUE CROSS OF CALIFORNIA · health drug dental vision hmo ppopremiums n/a · 578 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 248 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 61 covered
Brokers & agents paid · 20253
IMA INC.$220,024 · incl $10,795 fees
IMA, INC.$15,487 · incl $1,564 fees
CENTRO BENEFITS RESEARCH LLC$4,469 · incl $4,469 fees
Also brokered by Ima5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 202274763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.