Form 5500 · Employee benefit plan · DANBURY, CT
SAVINGS BANK OF DANBURY
The filing calls this plan SAVINGS BANK OF DANBURY WELFARE BENEFIT PLAN.
Public Form 5500 records show how SAVINGS BANK OF DANBURY of DANBURY, CT, a finance and insurance employer, structures its employee benefits. Its broker of record is NFP CORPORATE SERVICES NY LLC. Coverage is written through ANTHEM LIFE INSURANCE COMPANY and 4 other carriers. The plan's most recent policy period ended in May.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 06-0523870 · plan 501 · plan year 2025, filed Dec 30, 2025
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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: 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 8 insured contracts covering health, dental, life and disability; the largest, with ANTHEM LIFE INSURANCE COMPANY, covers 8,880 people.
Reported premium across the insured contracts is $3,722,146, with $149,537 in disclosed broker commissions — about 4% of premium.
The most recent policy period ended in May, and the plan year ends May 31. Group contracts typically renew on that annual cycle.
NFP CORPORATE SERVICES NY LLC is the broker of record on 1 of the 8 contracts; the rest name a different broker or none.
5 carriers appear on the filing, including ANTHEM LIFE INSURANCE COMPANY, CIGNA HEALTH AND LIFE INSURANCE COMPANY, DELTA DENTAL OF CONNECTICUT, INC. and METROPOLITAN LIFE INSURANCE COMPANY. ANTHEM LIFE INSURANCE COMPANY writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE COMPANY | Health | 222 | Jun 1, 2025 | $1,443,589 | $94,312 |
| ANTHEM LIFE INSURANCE COMPANY | Life, Disability | 8,880 | Jun 1, 2025 | $2,072,526 | $32,176 |
| UNITEDHEALTHCARE INSURANCE COMPANY | Health | 118 | Jun 1, 2025 | $13,730 | $6,656 |
| DELTA DENTAL OF CONNECTICUT, INC. | Dental | 260 | Jun 1, 2025 | $141,538 | $6,467 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 30 | Jun 1, 2025 | $28,457 | $4,129 |
| METROPOLITAN LIFE INSURANCE COMPANY | Disability | 7 | Jun 1, 2025 | $8,991 | $2,432 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 105 | Jun 1, 2025 | $8,456 | $2,187 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 50 | Jun 1, 2025 | $4,859 | $1,178 |
Premium and claims on these contracts
CIGNA HEALTH AND LIFE INSURANCE COMPANY, contract 3346314. For the contract year on this filing, the carrier reported $1,443,589 in premium earned and $2,494,734 in claims incurred. Dividing one by the other gives 173%.
DELTA DENTAL OF CONNECTICUT, INC., contract 04463. For the contract year on this filing, the carrier reported $141,538 in premium earned and $118,788 in claims incurred. Dividing one by the other gives 84%.
- CIGNA HEALTH AND LIFE INSURANCE COMPANY, contract 3346314 reported $65,923 in retention.
- DELTA DENTAL OF CONNECTICUT, INC., contract 04463 reported $32,023 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
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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