Plan Ledger DOL Form 5500 · updated monthly

Peoples Bankbenefits

Peoples Bank Welfare Benefit Plan · BELLINGHAM, WA · plan year 2024

Broker compensation reported · 2024
$50,381

Peoples Bank's benefits plans covered 416 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance brokers and agents were paid $50,381 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $121 per covered person, below the median for employer plans that report broker pay. Broker pay fell 54% from $109,551 in 2023.

Insurance contracts · 20243
VISION SERVICE PLAN · visionpremiums n/a · 388 covered
KEPROpremiums n/a · 424 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 416 covered
Brokers & agents paid · 20243
WATCHTOWER BENEFITS LLC$3,163 · incl $3,163 fees
HUB INTERNATIONAL NORTHWEST LLC$46,954 · incl $12,539 fees
Also brokered by Watchtower Benefits LLC5
Oneida Nation WI$96,028
Versiti Inc. WI$29,599

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 910362750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.