Plan Ledger DOL Form 5500 · updated monthly

Ames National Corporationbenefits

Ames National Corporation Life Insurance Plan · AMES, IA · plan year 2024

Broker compensation reported · 2024
$13,049

Ames National Corporation's benefits plans covered 262 active participants in 2024, providing life · other. Insurance brokers and agents were paid $13,049 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $50 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 47% from $8,907 in 2023.

Insurance contracts · 20242
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 370 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 139 covered
Brokers & agents paid · 20243
MITCHEL ALAN JOHNK$9,750
IOWA BANKERS INSURANCE AND SERVICES$3,167
WELLMARK, INC.$132

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 421039071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.