Plan Ledger DOL Form 5500 · updated monthly

Security First Bankbenefits

Security First Bank Medical Benefit Plan · RAPID CITY, SD · plan year 2025

Broker compensation reported · 2025
$23,721

Security First Bank's benefits plans covered 208 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $23,721 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $114 per covered person, below the median for employer plans that report broker pay. Broker pay fell 61% from $61,438 in 2024.

Insurance contracts · 20252
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · stdpremiums n/a · 11 covered
METROPOLITAN LIFE INSURANCE COMPANY · dental vision life std ltdpremiums n/a · 489 covered
Brokers & agents paid · 20255
LEAVITT GROUP$7,994
BROWN & BROWN INSURANCE SVCS., INC.$4,875 · incl $219 fees
JAMES C. HAYS$1,738
HAYS COMPANIES, INC.$1,508 · incl $1,369 fees
Also brokered by Leavitt Group5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 470299375 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.