Performance Bankers, Inc.benefits
Performance Bankers, Inc. Life and Disability Plan · PIERRE, SD · plan year 2025
Previously filed as Performance Bankers, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Performance Bankers, Inc.'s benefits plans covered 737 active participants in 2025, providing life · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $374,032. Insurance brokers and agents were paid $99,956 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 26.7% of premiums. That is $136 per covered person, below the median for employer plans that report broker pay. Broker pay rose 42% from $70,206 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 460373528 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.