Southpoint Bankbenefits
Southpoint Bank Life and Disability Benefit Plan · BIRMINGHAM, AL · plan year 2025
Broker compensation reported · 2025
$22,563
Southpoint Bank's benefits plans covered 124 active participants in 2025, providing life · short-term disability · long-term disability. Insurance brokers and agents were paid $22,563 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $182 per covered person, below the median for employer plans that report broker pay. Broker pay fell 33% from $33,610 in 2024.
Insurance contracts · 20251
SYMETRA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 124 covered
Brokers & agents paid · 20251
VALENT GROUP LLC$22,563 · incl $4,202 fees
Also brokered by Valent Group LLC5
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America's First Federal Credit Union AL$68,023
Barfield, Murphy, Shank & Smith, LLC AL$61,839
Consolidated Pipe & Supply Company, Inc. AL$58,242
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 651260993 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.