The Widewaters Groupbenefits
The Widewaters Group Benefit Bank Plan · EAST SYRACUSE, NY · plan year 2025
The Widewaters Group's benefits plans covered 236 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,279,652. Insurance brokers and agents were paid $137,037 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.0% of premiums. That is $581 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 35% from $101,803 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 161239842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.