Central Bankbenefits
Central Bank · PROVO, UT · plan year 2025
Broker compensation reported · 2025
$100,020
Central Bank's benefits plans covered 174 active participants in 2025, providing health · life · dental · long-term disability · other. Insurance brokers and agents were paid $100,020 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $575 per covered person, in the top quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2024.
Insurance contracts · 20253
SELECTHEALTH · health dental hmopremiums n/a · 718 covered
SYMETRA LIFE INSURANCE COMPANY · lifepremiums n/a
UNUM LIFE INSURANCE COMPANY OF AMERICA · ltdpremiums n/a · 198 covered
Brokers & agents paid · 20253
SHUMWAY INSURANCE GROUP$87,134 · incl $23,383 fees
FOOTE INS AGENCY$7,982
CENTRAL BANK$4,904
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 870271990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.