Plan Ledger DOL Form 5500 · updated monthly

Bankwest, Inc.benefits

Bankwest Employee Benefit Program · PIERRE, SD · plan year 2025

Broker compensation reported · 2025
$311,373

Bankwest, Inc.'s benefits plans covered 341 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $311,373 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $913 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 6.8% from $334,062 in 2024.

Insurance contracts · 20256
OPTILEGRA, INC · visionpremiums n/a · 341 covered
RELIANCE STANDARD · ltdpremiums n/a · 307 covered
RELIANCE STANDARD · health stop-losspremiums n/a · 307 covered
COMPANION LIFE · lifepremiums n/a · 192 covered
COMPANION LIFE · lifepremiums n/a · 354 covered
WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA · health stop-losspremiums n/a · 304 covered
Brokers & agents paid · 20255
ACRIPOINT LLC$261,287 · incl $229,274 fees
DAKOTACARE ADMINISTRATIVE SERVICES$39,738
BANKWEST INC DBA BANKWEST INSURANCE$3,769
AZIZ ELMAMOUNI$3,303
SUMMIT REINSURANCE SERVICES INC$3,276
Also brokered by Acripoint LLC5

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2025, EIN 460177475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.