Plan Ledger DOL Form 5500 · updated monthly

Farmers State Bankbenefits

Farmers State Bank Employee Benefit Plan · LAGRANGE, IN · plan year 2024

Broker compensation reported · 2024
$10,430

Farmers State Bank's benefits plans covered 252 active participants in 2024, providing health · dental · vision · other. Insurance brokers and agents were paid $10,430 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $41 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 32% from $7,922 in 2023.

Insurance contracts · 20246
VISION SERVICE PLAN · visionpremiums n/a · 103 covered
TOKIO MARINE · stop-losspremiums n/a · 117 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · stdpremiums n/a · 41 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · lifepremiums n/a · 40 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 41 covered
SYMETRA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 145 covered
Brokers & agents paid · 20245
GIBSON INSURANCE AGENCY INC$5,290 · incl $852 fees
GIBSON INSURANCE AGENCY INC.$1,409
JAMES R NELLIGAN & ASSOCIATES$1,335 · incl $1,335 fees
RECHNER, KEITH$1,198
BRUMMEL, JOSEPH$1,198
Also brokered by Gibson Insurance Agency Inc5

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 350303690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.