Plan Ledger DOL Form 5500 · updated monthly

First Farmers Bank & Trustbenefits

First Farmers Bank & Trust Life, Disability and Vision Plan · CONVERSE, IN · plan year 2024

Broker compensation reported · 2024
$34,653

First Farmers Bank & Trust's benefits plans covered 385 active participants in 2024, providing life · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $34,653 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $90 per covered person, below the median for employer plans that report broker pay. Broker pay rose 10% from $31,485 in 2023.

Insurance contracts · 20242
SYMETRA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 371 covered
VISION SERVICE PLAN · visionpremiums n/a · 244 covered
Brokers & agents paid · 20241
GALLAGHER BENEFIT SERVICES INC$34,653 · incl $7,824 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 350722410 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.