Plan Ledger DOL Form 5500 · updated monthly

Stearns Financial Services, Inc.benefits

Stearns Financial Services, Inc. Health & Welfare Benefit Plan · SAINT CLOUD, MN · plan year 2025

Broker compensation reported · 2025
$239,428

Stearns Financial Services, Inc.'s benefits plans covered 469 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $239,428 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $511 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 14% from $210,094 in 2024.

Insurance contracts · 20253
MEDICA INSURANCE COMPANY · healthpremiums n/a · 986 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · vision life ltdpremiums n/a · 469 covered
FIRST STOP HEALTHpremiums n/a · 464 covered
Brokers & agents paid · 20253
MARSH & MCLENNAN AGENCY LLC$222,234 · incl $18,973 fees
BENEUSA LLC$14,244 · incl $14,244 fees
Also brokered by Marsh McLennan Agency5
Rme LTD. LLC CO$10,578,643

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 411655119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.