Plan Ledger DOL Form 5500 · updated monthly

Mvb Financial Corpbenefits

Mvb Financial Corp Health and Welfare Benefit Plan · FAIRMONT, WV · plan year 2024

Broker compensation reported · 2024
$79,316

Mvb Financial Corp's benefits plans covered 425 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $79,316 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $187 per covered person, below the median for employer plans that report broker pay. Broker pay rose 121% from $35,957 in 2023.

Insurance contracts · 20241
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 425 covered
Brokers & agents paid · 20242
ALERA GROUP, INC.$59,937 · incl $25,499 fees
COURY HEALTH SERVICES$19,379
Also brokered by Alera Group, Inc.5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 200034461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.