Plan Ledger DOL Form 5500 · updated monthly

Western State Agency Incbenefits

Western State Bank Benefit Plan · DEVILS LAKE, ND · plan year 2025

Broker compensation reported · 2025
$64,259

Western State Agency Inc's benefits plans covered 282 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $298,723. Insurance brokers and agents were paid $64,259 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 21.5% of premiums. That is $228 per covered person, above the median for employer plans that report broker pay. Broker pay rose 16% from $55,196 in 2024.

Insurance contracts · 20254
DELTA DENTAL OF MINNESOTA · dental$299K · 583 covered
KEPROpremiums n/a · 282 covered
HARTFORD LIFE AND ACCIDENT · life std ltdpremiums n/a · 341 covered
Brokers & agents paid · 20253
BROWN & BROWN OF FLORIDA, INC.$30,525 · incl $3,318 fees
Also brokered by Brown & Brown5
Mayo Clinic MN$2,113,920
Srm Concrete, LLC TN$1,393,063

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 456016570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.