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Sponsor portfolioWelfare / HealthEIN 84-3556185
NEEDHAM BANK
1063 GREAT PLAIN AVE · NEEDHAM, MA 024922302
7814442100
- Plans filed
- 5
- Years active
- 2020–2025
- Industry
- NAICS 52
- Latest filing
- 2025
Total premiums (latest)
$570K
No prior year
Persons covered
652
No prior year
Total participants
374
No prior year
Plans filed
5
No prior year
Plans under this sponsor
5 plans
Plan #502$281K
NEEDHAM BANK PFML PLAN
Fully insured0 covered·1 carrier
Primary: UNUM INSURANCE COMPANY
Plan #501$236K
NEEDHAM BANK GROUP ACCIDENTAL DEATH & DISMEMBERMENT AND LONG TERM DISABILITY PLAN
Fully insured374 covered·3 carriers
Primary: UNUM LIFE INSURANCE COMPANY OF AMERICA
Plan #508$53K
NEEDHAM BANK VISION SERVICE PLAN
Fully insured278 covered·1 carrier
Primary: VISION SERVICE PLAN
Plan #505$0
NEEDHAM BANK HEALTH REIMBURSEMENT ARRANGEMENT PLAN
Self-funded0 covered·0 carriers
Plan #506$0
NEEDHAM BANK FLEXIBLE SPENDING PLAN
Self-funded0 covered·0 carriers
Coverage overview
Aggregate, latest year
| Benefit type | Premium | Share | Distribution |
|---|---|---|---|
| Other | $517K | 51.2% | |
| Life | $227K | 22.4% | |
| Long-term disability | $205K | 20.3% | |
| Vision | $53K | 5.2% | |
| Short-term disability | $8K | 0.8% |
Carrier overview
3 carriers · all plans
| Carrier | Coverage | Total premium | Share | Plans | Contracts | Covered |
|---|---|---|---|---|---|---|
EIN 010278678 | LSTDLTDOth | $514K | 90.1% | 2 | 5 | 374 |
EIN 061227840 | V | $53K | 9.2% | 1 | 1 | 278 |
EIN 060838648 | Oth | $4K | 0.7% | 1 | 1 | 15 |
Broker overview
8 brokers · all plans
| Broker | Loc | Carriers | Commissions | Fees | Total comp | Share | Plans |
|---|---|---|---|---|---|---|---|
| HILB GROUP OF NEW ENGLAND | CRANSTON, RI | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY, UNUM LIFE INSURANCE COMPANY OF AMERICA, UNUM INSURANCE COMPANY | $16K | $11K | $27K | 60.6% | 2 |
| NEESENROLL | SUTTON, MA | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY, UNUM LIFE INSURANCE COMPANY OF AMERICA | $559 | $12K | $13K | 28.4% | 1 |
| MASS FNCL SVCS INS AGCY INC | BOSTON, MA | VISION SERVICE PLAN | $4K | $0 | $4K | 8.4% | 1 |
| COLGATE BENEFITS INC | GRAFTON, MA | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY, UNUM LIFE INSURANCE COMPANY OF AMERICA | $473 | $0 | $473 | 1.1% | 1 |
| INDIGO INSURANCE SERVICES | WORCESTER, MA | HARTFORD LIFE AND ACCIDENT | $0 | $290 | $290 | 0.7% | 1 |
| MASSACHUSETTS FINANCIAL SERVICES IN | BOSTON, MA | HARTFORD LIFE AND ACCIDENT | $207 | $18 | $225 | 0.5% | 1 |
| ACCESS ENROLL | PLAINVILLE, MA | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $97 | $0 | $97 | 0.2% | 1 |
| NATIONAL ENROLLMENT PARTNERS LLC | CRANSTON, RI | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY, UNUM LIFE INSURANCE COMPANY OF AMERICA | $0 | $55 | $55 | 0.1% | 1 |
History & trajectory
6 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