Cumberland Valley National Bank &benefits
Cumberland Valley National Bank Flexible Benefit Plan · LONDON, KY · plan year 2024
Broker compensation reported · 2024
$21,625
Cumberland Valley National Bank &'s benefits plans covered 135 active participants in 2024, providing dental · vision · health. Insurance premiums totaled $142,472. Insurance brokers and agents were paid $21,625 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.2% of premiums. That is $160 per covered person, below the median for employer plans that report broker pay. Broker pay fell 47% from $40,857 in 2023.
Insurance contracts · 20248
RELIANCE STANDARD$42K · 135 covered
THE DENTAL CONCERN, INC.$34K · 88 covered
RELIANCE STANDARD$22K · 135 covered
RELIANCE STANDARD$15K · 135 covered
RELIANCE STANDARD$13K · 135 covered
THE DENTAL CONCERN, INC.$10K · 85 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA$4K · 7 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA$2K · 4 covered
Brokers & agents paid · 20243
MATTINGLY, LISA M$4,175
KENBANC INS INC$16,547 · incl $2,758 fees
KENBANC INSURANCE INC$903
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 610262618 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.