Plan Ledger DOL Form 5500 · updated monthly

First Bank of Bernebenefits

First Bank of Berne Welfare Benefit Plan · BERNE, IN · plan year 2025

Broker compensation reported · 2025
$11,355

First Bank of Berne's benefits plans covered 114 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $11,355 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $100 per covered person, below the median for employer plans that report broker pay. Broker pay rose 27% from $8,955 in 2024.

Insurance contracts · 20252
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 104 covered
ALLONE HEALTHpremiums n/a · 113 covered
Brokers & agents paid · 20253
MJ INSURANCE$8,554 · incl $1,129 fees
LIFETIME FINANCIAL GROWTH$10
Also brokered by Mj Insurance5
Hopebridge, LLC IN$384,685

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 350309560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.