Form 5500 · Employee benefit plan · CLINTON, NJ
UNITY BANK
The filing calls this plan UNITY BANK HEALTH & WELFARE PLAN.
UNITY BANK of CLINTON, NJ insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is CHRISTOPHER SZEM. Coverage is written through INDECS CORPORATION and 4 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 22-3110915 · plan 501 · plan year 2024, filed Aug 25, 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: death benefits.
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 5 insured contracts covering health, dental, vision, life and disability; the largest, with INDECS CORPORATION, covers 134 people.
Reported premium across the insured contracts is $782,554, with $16,424 in disclosed broker commissions — about 2.1% 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.
CHRISTOPHER SZEM is the broker of record on 1 of the 5 contracts; the rest name a different broker or none.
5 carriers appear on the filing, including INDECS CORPORATION, DELTA DENTAL OF NEW JERSEY, INC., USABLE LIFE and VISION SERVICE PLAN. INDECS CORPORATION writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| USABLE LIFE | Life, Disability | 223 | Jan 1, 2025 | $129,879 | $11,653 |
| DELTA DENTAL OF NEW JERSEY, INC. | Dental | 300 | Jan 1, 2025 | $181,750 | $4,705 |
| FLAGSHIP HEALTH SYSTEMS | Dental | 32 | Jan 1, 2025 | $2,182 | $66 |
| INDECS CORPORATION | Health | 134 | Jan 1, 2025 | $449,748 | $0 |
| VISION SERVICE PLAN | Vision | 158 | Jan 1, 2025 | $18,995 | $0 |
Premium and claims on these contracts
DELTA DENTAL OF NEW JERSEY, INC., contract 9263. For the contract year on this filing, the carrier reported $144,912 in premium earned and $122,369 in claims incurred. Dividing one by the other gives 84%.
FLAGSHIP HEALTH SYSTEMS, contract 9263. For the contract year on this filing, the carrier reported $2,182 in premium earned and $1,514 in claims incurred. Dividing one by the other gives 69%.
- DELTA DENTAL OF NEW JERSEY, INC., contract 9263 reported $27,606 in retention.
- FLAGSHIP HEALTH SYSTEMS, contract 9263 reported $436 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.
Other plans filed by this employer
How this plan compares
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