Plan Ledger DOL Form 5500 · updated monthly

West Shore Bankbenefits

West Shore Bank Employee Benefit Plan · LUDINGTON, MI · plan year 2025

Broker compensation reported · 2025
$82,502

West Shore Bank's benefits plans covered 125 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,477,655. Insurance brokers and agents were paid $82,502 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 $660 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 1.6% from $81,203 in 2024.

Insurance contracts · 20257
BLUE CARE NETWORK OF MICHIGAN · health drug hmo$815K · 120 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug ppo$559K · 62 covered
DELTA DENTAL OF MICHIGAN · dental vision$90K · 215 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 127 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 129 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · stdpremiums n/a · 120 covered
Brokers & agents paid · 20254
MICHAEL DILORENZO$60,546
MICHIGAN PLANNERS, INC.$5,642
MICHIGAN PLANNERS INC$14,743 · incl $5,404 fees
WATCHTOWER BENEFITS LLC$1,571 · incl $1,571 fees
Also brokered by Michael Dilorenzo5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 381067560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.