Ponce Bankbenefits
Ponce Bank Welfare Benefits Plan · BRONX, NY · plan year 2025
Broker compensation reported · 2025
$209,038
Ponce Bank's benefits plans covered 204 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance brokers and agents were paid $209,038 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,025 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 47% from $142,375 in 2024.
Insurance contracts · 20255
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 162 covered
NEW YORK LIFE GROUP INSURANCE COMPANY OF NYpremiums n/a · 204 covered
NEW YORK LIFE GROUP INSURANCE COMPANY OF NY · lifepremiums n/a · 204 covered
NEW YORK LIFE GROUP INSURANCE COMPANY OF NY · ltdpremiums n/a · 172 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dental visionpremiums n/a · 232 covered
Brokers & agents paid · 20257
PROFESSIONAL GROUP PLANS, INC$69,860 · incl $69,860 fees
HP PLANNING LLC$122,817 · incl $2,877 fees
ALERA GROUP, INC.$5,300 · incl $5,300 fees
ALERA GROUP$664 · incl $664 fees
ARCHON LLC$3,702 · incl $3,702 fees
ALERA GROUP INC$816 · incl $816 fees
Also brokered by Professional Group Plans, Inc5
Atlantic Squared Supply LLC GA$118,713
The Windward School NY$114,687
Telestream 2 LLC CA$81,011
Lbb Specialties Holdings LLC CT$78,178
One Step Up, LTD NY$77,523
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 822922475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.