BenefitsLedger
Benefits broker · Plan year 2024 · Form 5500 Schedule A

Varney & Company Benefits Advisors

Bangor, ME

Varney & Company Benefits Advisors collected $714,340 in commissions and fees from 13 employer health plans in plan year 2024 filings, ranking #626 among 12,126 brokers named in the public record. Most of its named clients are in Maine.

Commissions + fees
$714,340
$562,898 commissions · $151,442 fees
Employer plans
13
60 contracts
Rank
#626
top 5% of 12,126 brokers
Median rate
n/a
fewer than 10 insured medical plans

Largest clients

Employers whose filings reported the most compensation to this broker.

EmployerPaid to brokerParticipants
Verrill Dana, LLP · Maine$128,471288
University of New England · Maine$114,037925
Preti, Flaherty, Beliveau & Pachios, LLP · Maine$67,758189
Portland Gastroenterology Center · Maine$67,684141
Varney Agency, Inc. · Maine$61,795141
Hospice of Southern Maine · Maine$60,095138
Thos. Moser Cabinetmakers, Inc. · Maine$40,721111
York Hospital · Maine$37,720794
H.E. Murdock Co., Inc. dba Day's Jewelers · Maine$36,778109
Kennebec Lumber Company · Maine$35,920121
Andwell Health Partners · Maine$28,668434
R.C. Moore, Inc. · Maine$22,039272
Auto Europe, LLC · Maine$12,654121

Source: DOL Form 5500 Schedule A Part I, plan year 2024, grouped by broker name as filed. Dataset built October 24, 2026.

Where its clients are

Employer plans naming this broker, by employer state.

13 plans

How much does Varney & Company Benefits Advisors earn from employer health plans?

In plan year 2024 filings, employers reported paying Varney & Company Benefits Advisors $714,340: $562,898 in commissions and $151,442 in fees, across 60 insurance contracts at 13 employers. That ranks #626 of 12,126 brokers in the public record.

What commission rate is paid on plans Varney & Company Benefits Advisors brokers?

Not enough fully insured medical plans name Varney & Company Benefits Advisors as the sole broker to compute a stable rate. The national median is 3.8% of premium.

Which employers use Varney & Company Benefits Advisors?

The largest reported payers in 2024 were Verrill Dana, LLP, University of New England, Preti, Flaherty, Beliveau & Pachios, LLP. Maine is its biggest state by employer count (13 plans).

Amounts are what employers reported on their own filings. They do not include compensation from carriers that is not tied to a specific contract, and names are grouped exactly as filed, so related entities can appear separately. How this record is built.

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A WellthCare benefits specialist reads your Form 5500 the way a fiduciary reviewer would and writes up what to take to your broker before renewal. Free, from the public record only.