Plan Ledger DOL Form 5500 · updated monthly

Smartbiz Bank, N.A.benefits

Smartbiz Bank, N.A. Employee Health and Welfare Benefits Plan · NORTHBROOK, IL · plan year 2025

Broker compensation reported · 2025
$47,244

Smartbiz Bank, N.A.'s benefits plan covered 119 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $47,244 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $397 per covered person, above the median for employer plans that report broker pay.

Insurance contracts · 20252
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 152 covered
KAISER FOUNDATION HEALTH PLAN INC · health drug hmopremiums n/a · 9 covered
Brokers & agents paid · 20251
SEQUOIA BENEFITS & INS SVCS LLC$47,244 · incl $4,938 fees
Also brokered by Sequoia Benefits & Ins Svcs LLC5
Vast, Inc. CA$1,088,865
Nextpower, Inc CA$906,748
Adyen N.V. CA$700,745

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 204525937 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.