Form 5500 · Employee benefit plan · LAUREL, MD
TOWER FEDERAL CREDIT UNION
TOWER FEDERAL CREDIT UNION of LAUREL, MD is a 478-participant finance and insurance employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is BROWN & BROWN INS. SERVICES, INC.. Coverage is written through SUN LIFE ASSURANCE COMPANY OF CANADA and 1 other carrier. The plan's most recent policy period ended in October.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 52-0214895 · plan 501 · as of Aug 2026
Plan brief
Schedule A lists 2 insured contracts covering vision, life and disability; the largest, with SUN LIFE ASSURANCE COMPANY OF CANADA, covers 603 people.
Reported premium across the insured contracts is $644,756, with $23,308 in disclosed broker commissions — about 3.6% of premium.
The most recent policy period ended in October, and the plan year ends October 31. Group contracts typically renew on that annual cycle.
BROWN & BROWN INS. 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: SUN LIFE ASSURANCE COMPANY OF CANADA and METROPOLITAN LIFE INSURANCE COMPANY.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| SUN LIFE ASSURANCE COMPANY OF CANADA | Life, Disability | 603 | October | $590,272 | $21,129 |
| METROPOLITAN LIFE INSURANCE COMPANY | Vision | 834 | October | $54,484 | $2,179 |
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