Plan Ledger DOL Form 5500 · updated monthly

The Washington Trust Companybenefits

The Washington Trust Welfare Plan · WESTERLY, RI · plan year 2024

Broker compensation reported · 2024
$101,003

The Washington Trust Company's benefits plans covered 629 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $101,003 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $161 per covered person, below the median for employer plans that report broker pay. Broker pay fell 9.7% from $111,861 in 2023.

Insurance contracts · 20243
BLUE CROSS BLUE SHIELD OF RHODE ISLAND · health drug vision ppopremiums n/a · 998 covered
DELTA DENTAL OF RHODE ISLAND · dentalpremiums n/a · 1,037 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 630 covered
Brokers & agents paid · 20241
USI INSURANCE SERVICES LLC$101,003 · incl $49,102 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 050235370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.