Plan Ledger DOL Form 5500 · updated monthly

Valley National Bankbenefits

Valley National Bank Health and Welfare Plan · MORRISTOWN, NJ · plan year 2024

Broker compensation reported · 2024
$467,700

Valley National Bank's benefits plans covered 3,968 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $467,700 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $118 per covered person, below the median for employer plans that report broker pay. Broker pay fell 44% from $835,813 in 2023.

Insurance contracts · 20249
LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 3,968 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · stdpremiums n/a · 1,908 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 3,968 covered
CONTINENTAL AMERICAN INSURANCE COMPANY · healthpremiums n/a · 595 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drugpremiums n/a · 140 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 3,968 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 3,968 covered
VISION SERVICE PLAN · visionpremiums n/a · 2,728 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drugpremiums n/a · 140 covered
Brokers & agents paid · 20247
MARILYN L GOLDFISCHER$113,676
GROUP ADVISORY INC$271,335
CHRIS STROUD$52,103
BANKERS COOPERATIVE GROUP, INC.$18,417
JOSHUA PAUL GROUP INC.$9,906
MARSH & MCLENNAN AGENCY LLC$2,260 · incl $1,130 fees
Individual agent · names withheld$3

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by Marilyn L Goldfischer1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221186387 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.