PlanOptica
Free ERISA searchPricing
Sign inStart for $4.99
  1. Welfare plans/
  2. Sponsors/
  3. TOWNEBANK

Open any plan below to see its carriers, broker commissions and premiums.

Solo shows those sections on each welfare plan. Your first month is $4.99.

Start for $4.99
Sponsor portfolioWelfare / HealthEIN 54-1910608

TOWNEBANK

6001 HARBOUR VIEW BLVD · SUFFOLK, VA 234352767
7576386704
Plans filed
2
Years active
2015–2025
Industry
NAICS 52
Latest filing
2025
Total premiums (latest)
$3.5M
No prior year
Persons covered
3,931
No prior year
Total participants
2,581
No prior year
Plans filed
2
No prior year

Plans under this sponsor

2 plans
Plan #505$3.5M
TOWNEBANK EMPLOYEE WELFARE PLAN
Mixed3,931 covered·3 carriers
Primary: METROPOLITAN LIFE INSURANCE COMPANY
Plan #501$0
FLEXIBLE BENEFIT PLAN FOR TOWNEBANK
Self-funded0 covered·0 carriers

Coverage overview

Aggregate, latest year
Benefit typePremiumShareDistribution
Other$3.3M27.9%
Life$2.7M22.9%
Short-term disability$2.7M22.9%
Long-term disability$2.7M22.9%
Vision$247K2.1%
Health$146K1.2%

Carrier overview

2 carriers · all plans
CarrierCoverageTotal premiumSharePlansContractsCovered
METROPOLITAN LIFE INSURANCE COMPANY
EIN 135581829
HLSTDLTDOth
$3.3M93.0%153,931
VISION SERVICE PLAN
EIN 237089668
V
$247K7.0%111,706

Broker overview

2 brokers · all plans
BrokerLocCarriersCommissionsFeesTotal compSharePlans
THE FRIEDEN AGENCY INCNORFOLK, VAMETROPOLITAN LIFE INSURANCE COMPANY, VISION SERVICE PLAN$354K$0$354K97.1%1
PLANSOURCE BENEFITS ADMINISTRATIONORLANDO, FLMETROPOLITAN LIFE INSURANCE COMPANY$11K$0$11K2.9%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
PlanOptica

Plan research for advisors and brokers. Retirement and welfare filings, peer-ranked and a decade deep, sourced to the line.

Product
  • Retirement plans
  • Welfare plans
  • Providers
  • Pricing
Data
  • Downloads hub
  • Retirement plans CSV
  • Welfare plans CSV
  • Custom analytics
Resources
  • Free ERISA search
  • Free EIN lookup
  • Documentation
  • Filter catalog
  • Glossary
Company
  • About
  • Contact
  • Privacy
  • Terms
© 2026 PlanOptica