Plan Ledger DOL Form 5500 · updated monthly

First State Financial Corporationbenefits

First State Bank Health and Welfare Plan · SAINT CLAIR SHORES, MI · plan year 2024

Broker compensation reported · 2024
$86,106

First State Financial Corporation's benefits plans covered 139 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $2,093,207. Insurance brokers and agents were paid $86,106 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.1% of premiums. That is $619 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 33% from $128,470 in 2023.

Insurance contracts · 20247
BLUE CARE NETWORK OF MICHIGAN · health drug hmo$1.4M · 218 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug dental vision ppo$670K · 334 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 188 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 112 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 10 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · healthpremiums n/a · 28 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · healthpremiums n/a · 24 covered
Brokers & agents paid · 20248
EUGENE F LOVASCO$65,848
LOVASCO CONSULTING GROUP INC$14,423 · incl $2,679 fees
CENTRO BENEFITS RESEARCH LLC$5,742 · incl $5,742 fees
METRO WORKSITE SERVICES INC$39
KAPNICK & COMPANY, INC$8
M FINANCIAL HOLDINGS INC$4 · incl $4 fees
KAPNICK & COMPANY, INC.$3
Individual agent · names withheld$39

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 Eugene F Lovasco5
Norr LLC MI$73,277

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 380541400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.