Plan Ledger DOL Form 5500 · updated monthly

Stellar Bankbenefits

Stellar Bank Welfare Benefit Plan · HOUSTON, TX · plan year 2024

Broker compensation reported · 2024
$119,387

Stellar Bank's benefits plans covered 1,077 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $119,387 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $111 per covered person, below the median for employer plans that report broker pay. Broker pay fell 36% from $187,558 in 2023.

Insurance contracts · 20243
METLIFE LEGAL PLANSpremiums n/a · 93 covered
METROPOLITAN LIFE INSURANCE COMPANY · visionpremiums n/a · 805 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life std ltdpremiums n/a · 1,077 covered
Brokers & agents paid · 20245
GALLAGHER BENEFIT SERVICES, INC.$80,782 · incl $12,942 fees
BRANDON PENKO$33,142
MERCER HEALTH & BENEFITS$2,660 · incl $99 fees
GALLAGHER BENEFIT SERVICES INC$2,637 · incl $2,637 fees
MERCER HEALTH & BENEFITS, LLC$166 · incl $166 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 260589597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.