Plan Ledger DOL Form 5500 · updated monthly

Finlayson Bancshares, Inc.benefits

Finlayson Bancshares, Inc Life Insurance Plan · HINKLEY, MN · plan year 2024

Broker compensation reported · 2024
$23,842

Finlayson Bancshares, Inc.'s benefits plans covered 178 active participants in 2024, providing life · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $23,842 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $134 per covered person, below the median for employer plans that report broker pay. Broker pay rose 116% from $11,048 in 2023.

Insurance contracts · 20243
COLONIAL LIFE & ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 20 covered
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 183 covered
HUMANA · visionpremiums n/a · 184 covered
Brokers & agents paid · 20247
ARMBRUSTER EXEC EMPLOY BENEFIT$16,077
GIS BENEFITS$5,399 · incl $5,399 fees
TOWN & COUNTRY AGENCY OF FINLAYSON$351
KIH INSURANCE INC$4
8 individual agents · names withheld$1,173

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 411396929 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.