Watertown Savings Bankbenefits
Watertown Savings Bank Life Insurance Plan · WATERTOWN, MA · plan year 2023
Broker compensation reported · 2023
$4,609,365
Watertown Savings Bank's benefits plan covered 124 active participants in 2023, providing life. Insurance brokers and agents were paid $4,609,365 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $37,172 per covered person, in the top 10% of employer plans that report broker pay.
Insurance contracts · 20231
THE HARTFORD LIFE AND ACCIDENT · lifepremiums n/a · 124 covered
Brokers & agents paid · 20231
MASS FNCL SVCS INS AGCY INC$4,609,365 · incl $3,960,289 fees
Also brokered by Mass Fncl Svcs Ins Agcy Inc5
Dedham Instituition for Savings MA$23,789
Fall River Five Cents Saving Bank MA$18,930
The Lowell Five Cent Savings Bank MA$9,351
Mechanics Cooperative Bank MA$7,756
Bankesb MA$1,895
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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 041950840 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.