Plan Ledger DOL Form 5500 · updated monthly

The Cooperative Bank of Cape Codbenefits

Cape Cod Cooperative Bank Employee Benefits Plan · HYANNIS, MA · plan year 2024

Broker compensation reported · 2024
$29,484

The Cooperative Bank of Cape Cod's benefits plans covered 120 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $29,484 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $246 per covered person, above the median for employer plans that report broker pay. Broker pay fell 30% from $41,997 in 2023.

Insurance contracts · 20242
VISION SERVICE PLAN INSURANCE · visionpremiums n/a · 113 covered
SYMETRA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 120 covered
Brokers & agents paid · 20244
BALDWIN KRYSTYN SHERMAN$15,608
BALDWIN GROUP LLC$12,514
MASS FINANCIAL SVCS INS AGENCY$960
Also brokered by Baldwin Krystyn Sherman3

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 041148930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.