Plan Ledger DOL Form 5500 · updated monthly

Sterling Bank & Trustbenefits

Sterling Bank & Trust, Fsb Severance Benefits Plan · SOUTHFIELD, MI · plan year 2024

Broker compensation reported · 2024
$232,930

Sterling Bank & Trust's benefits plans covered 277 active participants in 2024. Insurance brokers and agents were paid $232,930 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $841 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 11% from $209,437 in 2023.

Insurance contracts · 20249
METROPOLITAN LIFE INSURANCE COMPANYpremiums n/a · 86 covered
METROPOLITAN LIFE INSURANCE COMPANY · dental vision life std ltdpremiums n/a · 400 covered
METROPOLITAN LIFE INSURANCE COMPANYpremiums n/a · 11 covered
KAISER FOUNDATION HEALTH PLAN INC · health drug hmopremiums n/a · 28 covered
ULLIANCE, INCpremiums n/a · 244 covered
KAISER FOUNDATION HEALTH PLAN INC · health life hmopremiums n/a · 75 covered
METROPOLITAN LIFE INSURANCE COMPANYpremiums n/a · 75 covered
UNITED HEALTHCARE INSURANCE COMPANY · health ppopremiums n/a · 230 covered
Brokers & agents paid · 20244
CENTRO BENEFITS RESEARCH LLC$26,824 · incl $5,730 fees
KAPNICK & COMPANY INC$123,687 · incl $65,527 fees
HUB INTERNATIONAL INS SVCS INC.$81,762 · incl $41,040 fees
INTERNATIONAL CHAMBERS GROUP, INC$657
Also brokered by Centro Benefits Research LLC5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382524834 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.