John Marshall Bankbenefits
John Marshall Bank Employee Benefit Plan · RESTON, VA · plan year 2024
John Marshall Bank's benefits plans covered 105 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $119,421. Insurance brokers and agents were paid $62,506 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 52.3% of premiums. That is $595 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 4.3% from $59,924 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 743125891 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.