Plan Ledger DOL Form 5500 · updated monthly

Rio Bankbenefits

Rio Bank Health and Welfare Benefits Plan · MCALLEN, TX · plan year 2024

Broker compensation reported · 2024
$18,147

Rio Bank's benefits plans covered 278 active participants in 2024, providing health · life · dental · short-term disability · death benefits. Insurance brokers and agents were paid $18,147 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $65 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 61% from $46,901 in 2023.

Insurance contracts · 20241
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life ppopremiums n/a · 431 covered
Brokers & agents paid · 20243
RELATION INSURANCE SERVICES INC.$10,212
GIS BENEFITS INC.$6,621 · incl $6,621 fees
Also brokered by Relation Insurance Services Inc.4

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 742331408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.