Plan Ledger DOL Form 5500 · updated monthly

Merchants & Marine Bankbenefits

Merchants & Marine Bank Long-Term Disability Plan · PASCAGOULA, MS · plan year 2025

Broker compensation reported · 2025
$40,422

Merchants & Marine Bank's benefits plans covered 203 active participants in 2025, providing life · long-term disability. Insurance brokers and agents were paid $40,422 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $199 per covered person, above the median for employer plans that report broker pay. Broker pay fell 22% from $52,128 in 2024.

Insurance contracts · 20258
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA · dental ppopremiums n/a · 146 covered
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA · visionpremiums n/a · 138 covered
Brokers & agents paid · 20251
LOCKHARD WILLIAMS INSURANCE$40,422 · incl $4,526 fees

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 646016232 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.