Superior National Bankbenefits
Superior National Bank Wrap Plan · HANCOCK, MI · plan year 2025
Superior National Bank's benefits plans covered 188 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,980,848. Insurance brokers and agents were paid $101,536 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.1% of premiums. That is $540 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 10% from $91,950 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 381084525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.