Plan Ledger DOL Form 5500 · updated monthly

Southwest Bankbenefits

Southwest Bank Health and Welfare Plan · ODESSA, TX · plan year 2024

Broker compensation reported · 2024
$151,396

Southwest Bank's benefits plans covered 120 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $151,396 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,262 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 56% from $96,903 in 2023.

Insurance contracts · 202410
HUMANA INSURANCE COMPANY · dentalpremiums n/a · 107 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · visionpremiums n/a · 110 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 111 covered
HUMANA INSURANCE COMPANY · dentalpremiums n/a · 112 covered
UNITEDHEALTHCARE INSURANCE COMPANY · health drugpremiums n/a · 119 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · visionpremiums n/a · 116 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 119 covered
BLUECROSS BLUESHIELD OF TEXAS · health drug dentalpremiums n/a · 227 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · visionpremiums n/a · 117 covered
DEARBORN LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 125 covered
Brokers & agents paid · 20243
STA BENEFITS LTD$100,515 · incl $2,300 fees
STA BENEFITS, LTD$49,375 · incl $5,386 fees
NFP INSURANCE SERVICES, INC.$1,506 · incl $1,506 fees
Also brokered by Sta Benefits LTD4

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 750749819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.