Redwood Financial, Inc dba Hometown Bankbenefits
Redwood Financial, Inc dba Hometown Bank Health and Welfare Benefits Plan · REDWOOD FALLS, MN · plan year 2025
Broker compensation reported · 2025
$59,478
Redwood Financial, Inc dba Hometown Bank's benefits plans covered 97 active participants in 2025, providing health · life · dental. Insurance brokers and agents were paid $59,478 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $613 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 17% from $71,996 in 2024.
Insurance contracts · 20254
SUN LIFE ASSURANCE COMPANY OF CANADA · lifepremiums n/a · 97 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · ltdpremiums n/a · 4 covered
BLUE CROSS AND BLUE SHIELD OF MINNESOTA · healthpremiums n/a · 205 covered
BLUE CROSS AND BLUE SHIELD OF MINNESOTA · dentalpremiums n/a · 136 covered
Brokers & agents paid · 20251
20/20 ADVISOR GROUP LLC$59,478
Also brokered by 20/20 Advisor Group LLC1
Harvey Vogel Manufacturing Co. MN$5,865
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 410498480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.