Midamerica National Bankbenefits
Midamerica National Bank Employee Benefits Plan · CANTON, IL · plan year 2025
Midamerica National Bank's benefits plans covered 121 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $95,767. Insurance brokers and agents were paid $101,021 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 105.5% of premiums. That is $835 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 13% from $89,489 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 370435170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.