Plan Ledger DOL Form 5500 · updated monthly

First Option Bankbenefits

First Option Bank Employee Benefits Plan · PAOLA, KS · plan year 2024

Broker compensation reported · 2024
$6,264

First Option Bank's benefits plan covered 136 active participants in 2024, providing life · long-term disability · other. Insurance brokers and agents were paid $6,264 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $46 per covered person, in the bottom quarter of employer plans that report broker pay.

Insurance contracts · 20241
RELIANCE STANDARD LIFE INSURANCE COMPANY · life ltdpremiums n/a · 136 covered
Brokers & agents paid · 20242
BUKATY COMPANIES$4,585 · incl $557 fees
TECHSOURCE$1,679
Also brokered by Bukaty Companies5
Mriglobal MO$206,070
Rs, LLC KS$166,312

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 480359685 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.