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Sponsor portfolioWelfare / HealthEIN 52-0214895

TOWER FEDERAL CREDIT UNION

7901 SANDY SPRING ROAD · LAUREL, MD 20707
3014977000
Plans filed
2
Years active
2015–2025
Industry
NAICS 52
Latest filing
2025
Total premiums (latest)
$645K
No prior year
Persons covered
834
No prior year
Total participants
256
No prior year
Plans filed
2
No prior year

Plans under this sponsor

2 plans
Plan #501$645K
TOWER FEDERAL CREDIT UNION HEALTH AND WELFARE BENEFITS PLAN
Mixed834 covered·2 carriers
Primary: SUN LIFE ASSURANCE COMPANY OF CANADA
Plan #505$3K
AD&D PLAN FOR EMPLOYEES OF TOWER FEDERAL CREDIT UNION
Fully insured25 covered·1 carrier
Primary: ZURICH AMERICAN INSURANCE COMPANY

Coverage overview

Aggregate, latest year
Benefit typePremiumShareDistribution
Life$590K24.4%
Short-term disability$590K24.4%
Long-term disability$590K24.4%
Other$590K24.4%
Vision$54K2.3%

Carrier overview

2 carriers · all plans
CarrierCoverageTotal premiumSharePlansContractsCovered
SUN LIFE ASSURANCE COMPANY OF CANADA
EIN 381082080
LSTDLTDOth
$590K91.5%11603
METROPOLITAN LIFE INSURANCE COMPANY
EIN 135581829
V
$54K8.5%11834

Broker overview

2 brokers · all plans
BrokerLocCarriersCommissionsFeesTotal compSharePlans
BROWN & BROWN INSURANCE SERVICESMINNEAPOLIS, MNSUN LIFE ASSURANCE COMPANY OF CANADA$21K$0$21K90.7%1
HAYS COMPANIES, INC.—METROPOLITAN LIFE INSURANCE COMPANY$2K$0$2K9.3%1

History & trajectory

11 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.

Policy details

Latest year, by plan
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