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Sponsor portfolioTH

TOWNEBANK

EIN 54-1910608-financial services-Latest filing 2024
Plans
2
Retirement
1
$320.2M assets
Welfare
1
$3.3M premiums
Participants
5,801
6001 HARBOUR VIEW BLVD - SUFFOLK, VA 234352767757-638-6704townebank.comLinkedIn1001-5000 employeesfinancial services
Plans on this EIN
2 filings
#001ESOP-$320.2M - 3,139 part#505Fully Insured-$3.3M - 3,997 lives

Benefits portfolio analytics

1 plan / $3.3M premiums / 3,997 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Other$3.1M
  • Life$2.6M
  • Short-term disability$2.6M
  • Long-term disability$2.6M
  • Health$406K
  • Vision$216K
Total $3.3M6 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
94%top
  • METROPOLITAN LIFE INSURANCE COMPANY94%
  • VISION SERVICE PLAN6%
  • DELTA DENTAL OF CALIFORNIA0%
  • CIGNA HEALTH AND LIFE INSURANCE COMPANY0%
Total $3.3M4 slices

Broker market share

Schedule A broker compensation

Split broker
97%top
  • THE FRIEDEN AGENCY INC97%
  • PLANSOURCE BENEFITS ADMINISTRATION3%
Total $661K2 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#001

TOWNEBANK STOCK AND SAVINGS PLAN

ESOP

Assets$320.2M
Participants3,139
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#505

TOWNEBANK EMPLOYEE WELFARE PLAN

Fully Insured - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$3.3M
Covered lives3,997
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans1

Plan #NameTypeAssetsParticipantsLatest year
001TOWNEBANK STOCK AND SAVINGS PLANESOP$320.2M3,1392024

Welfare plans1

Plan #NameFundingCarrierPremiumsCoveredLatest year
505TOWNEBANK EMPLOYEE WELFARE PLANFully InsuredMETROPOLITAN LIFE INSURANCE COMPANY$3.3M3,9972024
Retirement plans
Welfare plans
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