Plan Ledger DOL Form 5500 · updated monthly

Security Federal Bankbenefits

Security Federal Bank Employee Benefits Plan · AIKEN, SC · plan year 2025

Broker compensation reported · 2025
$72,460

Security Federal Bank's benefits plans covered 241 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $72,460 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $301 per covered person, above the median for employer plans that report broker pay. Broker pay rose 11% from $65,152 in 2024.

Insurance contracts · 20259
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 241 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 105 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · stdpremiums n/a · 72 covered
STARMOUNT LIFE INSURANCE COMPANY · dental visionpremiums n/a · 201 covered
UNUM INSURANCE COMPANYpremiums n/a · 74 covered
UNUM INSURANCE COMPANYpremiums n/a · 73 covered
UNUM INSURANCE COMPANYpremiums n/a · 50 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 123 covered
Brokers & agents paid · 20255
BROWN & BROWN INSURANCE SERVICES$68,982 · incl $3,741 fees
HUTSON ETHERREDGE BROWN INC.$251
WARD FINANCIAL SERVICES INC.$379
Individual agent · names withheld$55

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by Brown & Brown5
Mayo Clinic MN$2,113,920
Srm Concrete, LLC TN$1,393,063

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 570113015 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.