Plan Ledger DOL Form 5500 · updated monthly

Choiceone Bankbenefits

Choiceone Bank Group Health and Welfare Benefit Plan · KENT CITY, MI · plan year 2025

Broker compensation reported · 2025
$71,258

Choiceone Bank's benefits plans covered 491 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $71,258 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $145 per covered person, below the median for employer plans that report broker pay. Broker pay rose 27% from $55,982 in 2024.

Insurance contracts · 20255
UNITED OF OMAHA LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 505 covered
METROPOLITAN GENERAL INSURANCE COMPANYpremiums n/a · 50 covered
Brokers & agents paid · 20254
GROUP BENEFITS LTD$15,125 · incl $15,125 fees
MARSH & MCLENNAN AGENCY LLC$54,973 · incl $20,098 fees
CHOICEONE INSURANCE AGENCIES, INC$4
Also brokered by Group Benefits LTD5
Glenburn Homes HI$59,856

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 381054890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.