Form 5500 · Employee benefit plan · MIDDLETOWN, RI
BANKNEWPORT
BANKNEWPORT of MIDDLETOWN, RI is a 339-participant finance and insurance employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is GALLAGHER BENEFIT SERVICES, INC.. Coverage is written through BLUE CROSS BLUE SHIELD OF RHODE ISLAND and 3 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 20-2633950 · plan 501 · as of Aug 2026
Plan brief
Schedule A lists 4 insured contracts covering health, vision, life and disability; the largest, with BLUE CROSS BLUE SHIELD OF RHODE ISLAND, covers 486 people.
Reported premium across the insured contracts is $4,458,927, with $40,852 in disclosed broker commissions — about 0.9% of premium.
The health contract's policy period ended in December, while at least one ancillary line renews in July — the plan is on a split renewal cycle.
GALLAGHER BENEFIT SERVICES, INC. is the broker of record on 1 of the 4 contracts; the rest name a different broker or none.
4 carriers appear on the filing — BLUE CROSS BLUE SHIELD OF RHODE ISLAND, RELIANCE STANDARD LIFE INSURANCE COMPANY, DELTA DENTAL OF RHODE ISLAND and LIFE INSURANCE COMPANY OF NORTH AMERICA — with BLUE CROSS BLUE SHIELD OF RHODE ISLAND writing the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| RELIANCE STANDARD LIFE INSURANCE COMPANY | Life, Disability | 328 | December | $173,333 | $34,666 |
| DELTA DENTAL OF RHODE ISLAND | Vision | 413 | December | $38,261 | $3,826 |
| BLUE CROSS BLUE SHIELD OF RHODE ISLAND | Health | 486 | December | $4,247,333 | $2,360 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 328 | July | — | $0 |
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