Form 5500 · Employee benefit plan · NEW YORK, NY
BETTERMENT HOLDINGS, INC.
BETTERMENT HOLDINGS, INC. of NEW YORK, NY insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is LUMITY INSURANCE SERVICES, INC.. Coverage is written through AETNA LIFE INSURANCE CO. and 1 other carrier. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 90-0735456 · plan 501 · as of Aug 2026
Plan brief
Schedule A lists 2 insured contracts covering health, dental, vision, life and disability; the largest, with AETNA LIFE INSURANCE CO., covers 909 people.
Reported premium across the insured contracts is $9,024,306, with $493,947 in disclosed broker commissions — about 5.5% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
LUMITY INSURANCE SERVICES, INC. is the broker of record on 1 of the 2 contracts; the rest name a different broker or none.
Two carriers split the book: AETNA LIFE INSURANCE CO. and THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| AETNA LIFE INSURANCE CO. | Health | 909 | December | $8,151,289 | $399,571 |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Dental, Vision, Life, Disability | 578 | December | $873,017 | $94,376 |
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