Plan Ledger DOL Form 5500 · updated monthly

Shoreham Bankbenefits

Shoreham Bank Employee Benefit Plan · WARWICK, RI · plan year 2024

Broker compensation reported · 2024
$50,548

Shoreham Bank's benefits plans covered 102 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance brokers and agents were paid $50,548 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $496 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 55% from $32,585 in 2023.

Insurance contracts · 20247
HARVARD PILGRIM HEALTH CARE OF NE INC · healthpremiums n/a · 88 covered
BLUE CROSS BLUE SHIELD OF RHODE ISLAND · dentalpremiums n/a · 91 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 102 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 102 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 33 covered
VISION SERVICE PLAN · visionpremiums n/a · 83 covered
HPHC INSURANCE COMPANY · healthpremiums n/a · 83 covered
Brokers & agents paid · 20243
THE HILB GROUP OF NEW ENGLAND$22,579 · incl $8,778 fees
HILB GROUP OF NEW ENGLAND$26,439 · incl $11,022 fees
ROLAND D FLORENZ$1,530
Also brokered by The Hilb Group of New England5
Ora Inc. MA$302,603
Hp Hood LLC MA$190,994

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 050283864 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.