Plan Ledger DOL Form 5500 · updated monthly

Deerwood Bankbenefits

Deerwood Bank Health and Welfare Plan · MENDOTA HEIGHTS, MN · plan year 2025

Broker compensation reported · 2025
$75,483

Deerwood Bank's benefits plans covered 129 active participants in 2025, providing health · vision · short-term disability · other. Insurance brokers and agents were paid $75,483 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $585 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 5.2% from $71,759 in 2024.

Insurance contracts · 20254
BLUE CROSS BLUE SHIELD OF MINNESOTA · healthpremiums n/a · 280 covered
VSP · visionpremiums n/a · 178 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · stdpremiums n/a · 193 covered
FIRST STOP HEALTHpremiums n/a · 139 covered
Brokers & agents paid · 20252
MARSH & MCLENNAN AGENCY LLC$75,252 · incl $2,808 fees
MBA INSURANCE & SERVICES, INC.$231
Also brokered by Marsh McLennan Agency5
Rme LTD. LLC CO$10,578,643

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2025, EIN 410216169 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.