Thumb Bank and Trustbenefits
Thumb Bank Wrap Plan · PIGEON, MI · plan year 2025
Thumb Bank and Trust's benefits plans covered 119 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,303,060. Insurance brokers and agents were paid $73,052 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.6% of premiums. That is $614 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 5.3% from $69,379 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 380929290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.