Plan Ledger DOL Form 5500 · updated monthly

Synergy Bankbenefits

Synergy Bank Health and Welfare Benefit Plan · HOUMA, LA · plan year 2024

Broker compensation reported · 2024
$109,304

Synergy Bank's benefits plans covered 183 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $109,304 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $597 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 37% from $79,722 in 2023.

Insurance contracts · 20244
HCC LIFE INSURANCE COMPANY · stop-losspremiums n/a · 36 covered
BLUE CROSS AND BLUE SHIELD OF LOUISIANA · health drug ppopremiums n/a · 210 covered
AMERICAN UNITED LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 185 covered
AMERITAS LIFE INSURANCE CORP. · dental visionpremiums n/a · 290 covered
Brokers & agents paid · 20244
BROWN & BROWN OF LOUISIANA, LLC$77,248 · incl $21,110 fees
BROWN & BROWN INSURANCE SERVICES IN$4,143 · incl $1,778 fees
Also brokered by Brown & Brown5
Srm Concrete, LLC TN$1,315,284

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 721433422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.