Plan Ledger DOL Form 5500 · updated monthly

First State Bankbenefits

First State Bank Health and Welfare Plan · LOUISE, TX · plan year 2024

Broker compensation reported · 2024
$89,366

First State Bank's benefits plans covered 160 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $89,366 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $559 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 4.3% from $93,426 in 2023.

Insurance contracts · 20244
AMERICAN HERITAGE LIFE INSURANCE COMPANY · lifepremiums n/a · 55 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 14 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drugpremiums n/a · 135 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · dental vision life std ltdpremiums n/a · 160 covered
Brokers & agents paid · 20246
USI INSURANCE SERVICES LLC$34,608 · incl $9,972 fees
ROGER GARZA JR.$3,737
BCI INSURANCE SOLUTIONS, INC.$1,293
ROD INSURANCE GROUP, LLC$429
2 individual agents · names withheld$509

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.

Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 741258875 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.