Plan Ledger DOL Form 5500 · updated monthly

Summit Financial Group, Inc.benefits

Summit Financial Group, Inc. Employee Benefits Plan · MOOREFIELD, WV · plan year 2023

Broker compensation reported · 2023
$169,354

Summit Financial Group, Inc.'s benefits plan covered 515 active participants in 2023, providing health · life · dental · vision · long-term disability · other. Insurance brokers and agents were paid $169,354 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $329 per covered person, above the median for employer plans that report broker pay.

Insurance contracts · 20239
AMERICAN HERITAGE LIFE INSURANCE COMPANY · lifepremiums n/a · 91 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · healthpremiums n/a · 368 covered
EMPLOYEE SERVICES LLCpremiums n/a · 448 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 545 covered
VISION SERVICE PLAN · visionpremiums n/a · 397 covered
HIGHMARK INC. · drugpremiums n/a · 15 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 176 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 496 covered
Brokers & agents paid · 20234
THE HILB GROUP OF MARYLAND$116,724 · incl $112,104 fees
THE HILB GROUP OF MARYLAND LLC$30,782 · incl $13,179 fees
THE HILB GROUP OF MD LLC$21,533
3 individual agents · names withheld$315

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by The Hilb Group of Maryland5
Avports LLC VA$117,162

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 550672148 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.