Plan Ledger DOL Form 5500 · updated monthly

Thumb Bank and Trustbenefits

Thumb Bank Wrap Plan · PIGEON, MI · plan year 2025

Broker compensation reported · 2025
$73,052

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.

Insurance contracts · 20256
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug ppo$1.1M · 182 covered
VISION SERVICE PLAN · vision$123K · 678 covered
DELTA DENTAL OF MICHIGAN · dental$57K · 145 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 105 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 119 covered
UNITED OF OMAHA LIFE INSURANCE COMPANYpremiums n/a · 42 covered
Brokers & agents paid · 20254
JOHN DILORENZO$56,434
MICHIGAN PLANNERS INC$5,992 · incl $3,033 fees
MICHIGAN PLANNERS, INC.$1,550
MICHIGAN PLANNERS INC.$9,076 · incl $919 fees
Also brokered by John Dilorenzo5

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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.