Regions Financial Corporationbenefits
Regions Financial Corporation Life Insurance Plan · BIRMINGHAM, AL · plan year 2024
Broker compensation reported · 2024
$843,639
Regions Financial Corporation's benefits plans covered 19,585 active participants in 2024, providing life · other. Insurance premiums totaled $2,570,204. Insurance brokers and agents were paid $843,639 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 32.8% of premiums. That is $43 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 53% from $550,299 in 2023.
Insurance contracts · 20245
VSP · vision$2.6M · 14,354 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 19,585 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 19,585 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 19,585 covered
HARTFORD LIFE AND ACCIDENTpremiums n/a · 19,585 covered
Brokers & agents paid · 20242
MCGRIFF INSURANCE SERVICES$629,978 · incl $139,332 fees
MCGRIFF INSURANCE SERVICE$213,661 · incl $106,428 fees
Also brokered by McGriff5
Truist Financial Corporation NC$3,131,925
Valero Energy Corporation TX$1,969,297
Old Dominion Freight Line, Inc. NC$1,796,474
Pratt Industries, Inc. GA$1,720,663
El Camino Hospital CA$1,115,318
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 630589368 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.