Plan Ledger DOL Form 5500 · updated monthly

Banks Construction Companybenefits

Banks Construction Company Employee Benefit Plan · NORTH CHARLESTON, SC · plan year 2024

Broker compensation reported · 2024
$5,182

Banks Construction Company's benefits plans covered 236 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $5,182 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $22 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 18% from $6,333 in 2023.

Insurance contracts · 20243
HARTFORD LIFE AND ACCIDENT · life std ltdpremiums n/a · 450 covered
DELTA DENTAL OF MISSOURI · dentalpremiums n/a · 401 covered
COMMUNITY EYE CARE · visionpremiums n/a · 356 covered
Brokers & agents paid · 20241
LOCKTON COMPANIES, LLC$5,182 · incl $5,182 fees
Also brokered by Lockton5
Banner Health AZ$3,011,257

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 570296227 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.