The Lowell Five Cent Savings Bankbenefits
The Lowell Five Cent Savings Bank Life Insurance Plan · TEWKSBURY, MA · plan year 2025
Broker compensation reported · 2025
$10,605
The Lowell Five Cent Savings Bank's benefits plans covered 228 active participants in 2025, providing life. Insurance brokers and agents were paid $10,605 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $47 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 24% from $13,868 in 2024.
Insurance contracts · 20251
THE HARTFORD · lifepremiums n/a · 292 covered
Brokers & agents paid · 20251
MASS FINANCIAL SVCS INS AGENCY, INC$10,605 · incl $362 fees
Also brokered by Mass Financial Svcs Ins Agency, Inc5
East Cambridge Savings Bank MA$18,941
Fall River Five Cents Saving Bank MA$11,397
Peoplesbank MA$3,697
Needham Bank MA$3,684
Avidia Bank MA$3,150
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 453131005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.