Plan Ledger DOL Form 5500 · updated monthly

American Federal Bankbenefits

American Federal Flexible Benefit Plan · FARGO, ND · plan year 2025

Broker compensation reported · 2025
$47,811

American Federal Bank's benefits plans covered 128 active participants in 2025, providing health · life · dental · vision · long-term disability · other. Insurance brokers and agents were paid $47,811 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $374 per covered person, above the median for employer plans that report broker pay. Broker pay rose 5.8% from $45,193 in 2024.

Insurance contracts · 20258
BLUE CROSS BLUE SHIELD OF NORTH DAKOTA · health stop-losspremiums n/a · 199 covered
UNITED CONCORDIA INSURANCE COMPANY · dentalpremiums n/a · 206 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 148 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 121 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 121 covered
UNITED OF OMAHA LIFE INSURANCE COMPANYpremiums n/a · 39 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · stdpremiums n/a · 57 covered
UNITED CONCORDIA INSURANCE COMPANY · stdpremiums n/a · 107 covered
Brokers & agents paid · 20255
MARSH AND MCLENNAN AGENCY LLC$22,573 · incl $898 fees
VAALER INSURANCE INC$5,321
UNITED OF OMAHA LIFE INSURANCE$1,953 · incl $1,953 fees
VAALER INSURANCE, INC$1,673
MARSH & MCLENNANAN AGRNCY LLC$16,291 · incl $5,093 fees
Also brokered by Marsh McLennan Agency5
Rme LTD. LLC CO$10,578,643

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 410229822 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.