Plan Ledger DOL Form 5500 · updated monthly

Live Oak Bancshares, Inc.benefits

Live Oak Bancshares, Inc. Welfare Benefit Plan · WILMINGTON, NC · plan year 2025

Broker compensation reported · 2025
$120,600

Live Oak Bancshares, Inc.'s benefits plans covered 1,026 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $120,600 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $118 per covered person, below the median for employer plans that report broker pay. Broker pay fell 15% from $141,795 in 2024.

Insurance contracts · 20252
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 1,026 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 192 covered
Brokers & agents paid · 20251
MARSH & MCLENNAN AGENCY LLC$120,600 · incl $18,685 fees
Also brokered by Marsh McLennan Agency5
Rme LTD. LLC CO$10,578,643

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 264596286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.