Plan Ledger DOL Form 5500 · updated monthly

Southern Bancshares, Inc.benefits

Southern Bancshares Employee Benefits Plan · HOUSTON, TX · plan year 2024

Broker compensation reported · 2024
$107,463

Southern Bancshares, Inc.'s benefits plans covered 152 active participants in 2024, providing life · long-term disability · short-term disability · vision · other · dental · health. Insurance brokers and agents were paid $107,463 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $707 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 5.0% from $102,328 in 2023.

Insurance contracts · 20243
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dental visionpremiums n/a · 192 covered
COLONIAL LIFE & ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 33 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life std ltdpremiums n/a · 154 covered
Brokers & agents paid · 20247
IFSTX LTD$70,784 · incl $55,322 fees
GBS HOUSTON INC$34,383 · incl $26,922 fees
ELITE INSURANCE AGENCY INC.$181
BOWLES INSURANCE SERVICES LLC$108 · incl $17 fees
WISER BENEFITS LLC$58
K G SMITH LLC$48 · incl $1 fees
9 individual agents · names withheld$1,901

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.

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 742224807 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.