Plan Ledger DOL Form 5500 · updated monthly

Western Commerce Bankbenefits

Western Commerce Bank Health Benefits Plan · CARLSBAD, NM · plan year 2024

Broker compensation reported · 2024
$51,600

Western Commerce Bank's benefits plans covered 69 active participants in 2024, providing health · vision · other. Insurance brokers and agents were paid $51,600 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $748 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 4.1% from $49,553 in 2023.

Insurance contracts · 20242
SUNLIFE ASSURANCE COMPANY OF CANADA · health drugpremiums n/a · 69 covered
HCC LIFE INSURANCE COMPANYpremiums n/a · 69 covered
Brokers & agents paid · 20242
GALLAGHER BENEFIT SERVICES INC$41,746 · incl $41,285 fees
INSURANCE MANAGEMENT SERVICES$9,854 · incl $9,394 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 850158799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.