Bank of Ann Arborbenefits
Bank of Ann Arbor Employee Benefit Plan · ANN ARBOR, MI · plan year 2025
Broker compensation reported · 2025
$62,865
Bank of Ann Arbor's benefits plans covered 233 active participants in 2025, providing health · life · dental · vision · long-term disability · other. Insurance brokers and agents were paid $62,865 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $270 per covered person, above the median for employer plans that report broker pay. Broker pay fell 27% from $86,118 in 2024.
Insurance contracts · 20253
UNUM LIFE INSURANCE COMPANY · lifepremiums n/a · 121 covered
UNUM LIFE INSURANCE COMPANY · life ltdpremiums n/a · 296 covered
UNUM LIFE INSURANCE COMPANYpremiums n/a · 227 covered
Brokers & agents paid · 20252
KAPNICK & COMPANY$48,978 · incl $5,554 fees
CENTRO BENEIFTS RESEACH LLC$13,887 · incl $13,887 fees
Also brokered by Kapnick & Company3
United Machining, Inc. MI$15,031
The Christman Company MI$14,929
Anderson Cook, Inc. MI$6,640
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 383252110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.