Plan Ledger DOL Form 5500 · updated monthly

First Bankbenefits

First Bank Wrap Plan · BURKBURNETT, TX · plan year 2025

Broker compensation reported · 2025
$134,061

First Bank's benefits plans covered 83 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $134,061 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,615 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 6.6x the $20,371 reported for 2024.

Insurance contracts · 20252
UNITED CONCORDIA INSURANCE COMPANY · dentalpremiums n/a · 211 covered
METROPOLITAN LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 239 covered
Brokers & agents paid · 20251
HIGGINBOTHAM INSURANCE AGENCY, INC$134,061 · incl $116 fees
Also brokered by Higginbotham Insurance Agency, Inc5
Barcel USA, LLC TX$209,461
Lee & Associates CA$201,258

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 750164917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.