Plan Ledger DOL Form 5500 · updated monthly

Central-State Bancorp, Inc.benefits

Central-State Bancorp, Inc. Life Insurance Plan · TRAVERSE CITY, MI · plan year 2025

Broker compensation reported · 2025
$6,202

Central-State Bancorp, Inc.'s benefits plans covered 129 active participants in 2025, providing life · long-term disability. Insurance premiums totaled $72,818. Insurance brokers and agents were paid $6,202 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.5% of premiums. That is $48 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 39% from $4,473 in 2024.

Insurance contracts · 20252
STANDARD INSURANCE COMPANY · life$42K · 133 covered
STANDARD INSURANCE COMPANY · ltd$31K · 133 covered
Brokers & agents paid · 20252
GREAT NORTHERN BENEFITS LLC$4,795
BRSI EMPLOYEE BENEFIT SOLUTIONS LLC$1,407

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2025, EIN 382720385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.