BAYCOAST BANK
EIN 04-1178460 · MA · Insurance / Financial Services
Benchmarked against: Insurance / Financial Services · 101–500 employees · same industry, in-state · n=20 employers (your plan plus 19 peers)
415
(2024)
Fully insured
Funding
$373,144
Broker pay, employer-paid lines (2024)
$74.93
2024 · 84th pct vs peers · n=20
Lines disclosed: Life · Long-term disability
Broker pay as a share of insured premium: 4.5% (peer median 3.7%, 84th percentile).
Without the 2 low-disclosure peers, this plan is 4th highest of 18 comparable plans (your plan plus 17 peers).
Showing 2024, the latest year with a complete peer group. A 2025 filing is on file and appears in broker history; it is not benchmarked yet.
Why 2024?
The figures above use 2024, the latest year we can compare with similar employers. A filing for 2025 is on file. Most employers have not filed for 2025 yet, so there is no complete peer group to compare it with. 2025 broker pay on file so far totals $59,182 across all lines, about 84% less than the $373,144 for 2024. Rows for 2025 stay in the broker history and stay out of the headline and the peer comparison.
This page shows what was filed. The report shows what it means.
- What the gap is worth — the dollar difference vs. peer median, including a 3-year view
- The current structure compared against levels comparable plans actually reported
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Broker Compensation Benchmark Report
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Where the $373,144 across all lines goes
Each broker and each benefit line, in dollars
How much broker pay rides inside the premium
Base commission against bonuses and other carrier payments, all funded through premium
Whether this number is drifting
Compensation across every filed year, against the peer median
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Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.
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Benefits covered (latest filing)
From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers.
Broker history
Benefit lines covered by year — broker identity limited on public pages
The 2025 filing is on file and its figures are shown as filed, but most employers have not filed 2025 yet, so it is not compared with peers. The analysis year is 2024, the latest year that is complete and benchmarked.
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Commission rates by benefit line
Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.
Analysis year 2024 — the same year as the headline figure and per-participant rate above. The 2025 filing is on file and its figures are shown as filed, but most employers have not filed 2025 yet, so it is not compared with peers.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|
Bundled and other contracts — no single-line peer comparison
A bundled contract covers two or more lines on one premium (for example Health + Dental). Its effective rate is the commission on the whole premium; it is shown for completeness and never compared with single-line peers, because the mix of lines inside the bundle sets the rate as much as the broker does.
| Covers | Contract | Effective rate | vs. peers |
|---|---|---|---|
| Other benefitOther benefit | United Health Insurance CompanyPlan 501 | 3.9% | No comparable line |
| Life + Long-term disability | The Guardian Life Insurance Company of AmericaPlan 505 | 12.5% | Bundled; no single-line peer |
| Other benefitLONG TERM CARE | Unum Life Insurance Company of AmericaPlan 503 | 15.0% | No comparable line |
Everything in this table is from the 2024 filing. These 3 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate. 2025 is not rated here. Its rows appear in Broker history above as filed — pick 2025 on the year chips there to see them.
No peer cell met the minimum sample size for these lines, so rates are shown without a market position. Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. Contracts under $10,000 in premium are listed for completeness, with no rate or peer position.
Plans on file
Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.
PN 505AD&D,LIFE,LTD481 participants (2025)DentalApprenticeship / trainingSeveranceFully insured · 5 years on file
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PN 501VISION PLAN319 participants (2025)Short-term disabilityFully insured · 5 years on file
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PN 503LONG TERM CARE242 participants (2024)HealthOtherFully insured · 4 years on file
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Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.
At a glance
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How do similar employers compare?
Employers in the same peer group (Insurance / Financial Services, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
- CAPTIAL COMMUNICATIONS FEDERAL CREDIT UNIONNew YorkCompensation disclosed →
- CHAMPIONS FUNDING, LLCArizonaCompensation disclosed →
- ROTHSCHILD NORTH AMERICA INC.New YorkCompensation disclosed →
- ABERDEEN PROVING GROUND FEDERAL CREDIT UNIONMarylandCompensation disclosed →
- LIBRA SOLUTIONS INTERMEDIATE HOLDCO, LLCIllinoisCompensation disclosed →
Browse more: Massachusetts employer health plans · Insurance / Financial Services plans in Massachusetts · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Analysis year: 2024; newest plan year with a filing on file: 2025. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.
Report a data discrepancy
Unbrokered reports data as filed with the DOL. If you believe a figure is incorrect, tell us what it should be. We respond within 2 business days and, where the underlying filing has been amended, update on our next data refresh. We don't remove publicly filed information on request, but we do correct genuine errors.