Form 5500 · Employee benefit plan · CHICAGO, IL
LIBERTY BANK FOR SAVINGS
The filing calls this plan LIBERTY BANK FOR SAVINGS WELFARE BENEFITS PLAN.
Public Form 5500 records show how LIBERTY BANK FOR SAVINGS of CHICAGO, IL, a finance and insurance employer, structures its employee benefits. Its broker of record is DIGITAL INSURANCE LLC. Coverage is written through BLUECROSS BLUESHIELD OF ILLINOIS and 3 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 36-1385954 · plan 503 · plan year 2025, filed Jul 24, 2026
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How this plan is funded
Fully insured as reported
The filing reports medical coverage through an insurance contract on Schedule A, and no money paid for benefits by the plan itself.
Benefits declared on this filing
Also declared: death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 4 insured contracts covering health, dental, life and disability; the largest, with BLUECROSS BLUESHIELD OF ILLINOIS, covers 157 people.
The filing declares health, dental, life, disability and vision. Vision appears with no insured contract on Schedule A. That coverage may be self-funded, or placed with a carrier that is not on this filing.
Reported premium across the insured contracts is $1,353,801, with $99,028 in disclosed broker commissions — about 7.3% 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.
DIGITAL INSURANCE LLC is the broker of record on 1 of the 4 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| BLUECROSS BLUESHIELD OF ILLINOIS | Health, Dental | 157 | Jan 1, 2026 | $1,197,485 | $49,630 |
| EXPRESS SCRIPTS, INC. | Health | 6 | Jan 1, 2026 | $25,661 | $38,525 |
| DEARBORN LIFE INSURANCE COMPANY | Life, Disability | 97 | Jan 1, 2026 | $108,696 | $9,224 |
| HARTFORD LIFE AND ACCIDENT | Health | 6 | Jan 1, 2026 | $21,959 | $1,649 |
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
How this plan compares
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