Plan Ledger DOL Form 5500 · updated monthly

The Citizens National Bank of Blufftonbenefits

The Citizens National Bank Employee Benefits Plan · BLUFFTON, OH · plan year 2024

Broker compensation reported · 2024
$66,652

The Citizens National Bank of Bluffton's benefits plans covered 155 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $46,375. Insurance brokers and agents were paid $66,652 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 143.7% of premiums. That is $430 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 11% from $59,931 in 2023.

Insurance contracts · 20245
DELTA DENTAL OF OHIO · dental$39K · 145 covered
DELTA DENTAL OF OHIO · vision$8K · 145 covered
COMMUNITY INSURANCE COMPANY · health ppopremiums n/a · 187 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 60 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 155 covered
Brokers & agents paid · 20245
MCGOHAN BRABENDER, INC.$40,736 · incl $1,258 fees
JAMES B. OSWALD COMPANY$22,595 · incl $15,322 fees
ERC SERVICS, INC.$2,993
JAMES B OSWALD COMPANY$142
Also brokered by McGohan Brabender, Inc.5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 344205025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.