Westfield Bankbenefits
Westfield Bank Welfare Benefits Plan · WESTFIELD, MA · plan year 2025
Broker compensation reported · 2025
$74,033
Westfield Bank's benefits plans covered 298 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance brokers and agents were paid $74,033 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $248 per covered person, above the median for employer plans that report broker pay. Broker pay fell 43% from $129,508 in 2024.
Insurance contracts · 20253
VISION SERVICE PLAN · visionpremiums n/a · 208 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · life ltdpremiums n/a · 298 covered
HARVARD PILGRIM HEALTH CARE · healthpremiums n/a · 229 covered
Brokers & agents paid · 20252
USI INSURANCE SERVICES LLC$71,490 · incl $23,122 fees
MASS FINANCIAL SERVICES INS$2,543
Also brokered by Usi5
Bellin Gundersen Health System, Inc. WI$1,176,993
Multicare Health System WA$978,186
Sealing Devices Inc NY$933,531
Baywater Drilling, LLC TX$880,751
Adapthealth, LLC PA$827,688
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 043305700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.