Plan Ledger DOL Form 5500 · updated monthly

Demotte State Bankbenefits

Demotte State Bank Life & Disability Plan · DEMOTTE, IN · plan year 2024

Broker compensation reported · 2024
$4,508

Demotte State Bank's benefits plans covered 101 active participants in 2024, providing life · long-term disability · short-term disability. Insurance brokers and agents were paid $4,508 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $45 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 4.6% from $4,309 in 2023.

Insurance contracts · 20241
AMERICAN UNITED LIFE INSURANCE COMPANY · life ltdpremiums n/a · 101 covered
Brokers & agents paid · 20241
ERTEL & COMPANY INC.$4,508
Also brokered by Ertel & Company Inc.2
Citizens Bank IN$33,225

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 350161700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.