Plan Ledger DOL Form 5500 · updated monthly

Southern National Banks, Inc.benefits

Life Insurance · FORT WALTON BEACH, FL · plan year 2024

Broker compensation reported · 2024
$2,930

Southern National Banks, Inc.'s benefits plans covered 84 active participants in 2024, providing life. Insurance brokers and agents were paid $2,930 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $35 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 3.1% from $2,843 in 2023.

Insurance contracts · 20243
FLORIDA COMBINED LIFE · dentalpremiums n/a · 70 covered
LINCOLN NATIONAL LIFE INSURANCE · lifepremiums n/a · 87 covered
LINCOLN NATIONAL LIFE INSURANCE · ltdpremiums n/a · 72 covered
Brokers & agents paid · 20242
TRUST MANAGEMENT GROUP$2,803 · incl $2,803 fees
Individual agent · names withheld$127

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 Trust Management Group4

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 592278039 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.