GROW FINANCIAL FEDERAL CREDIT UNION

EIN 59-0772528 · FL · Insurance / Financial Services

Compensation disclosed5 brokers of record, 2021–2025As reported on Form 5500 (Schedules A and C), U.S. Department of Labor.

Employer-paid broker pay2025: $60,0322024 · analysis: $84,2952023: $83,1222022: $72,4772021: $71,163

Benchmarked against: Insurance / Financial Services · 501–2,500 employees · same industry, in-state · n=41 employers (your plan plus 40 peers)

576

(2024)

Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).

Funding

$84,295

Broker pay, employer-paid lines (2024)

$12.20

2024 · 50th pct vs peers · n=41

Lines disclosed: Dental · Vision · Life · Short-term disability · Long-term disability

Broker pay as a share of insured premium: 8.3% (peer median 9.7%, 35th percentile).

Without the 1 low-disclosure peer, this plan is at the 49th percentile of 40 comparable plans (your plan plus 39 peers).

Employer-paid $84,295 benchmarked for 2024 · Voluntary $54,782 shown separately, compared by rate only

Showing 2024, the latest year with a complete peer group. A 2025 filing is on file and appears in broker history; it is not benchmarked yet.

Why 2024?

The figures above use 2024, the latest year we can compare with similar employers. A filing for 2025 is on file. Most employers have not filed for 2025 yet, so there is no complete peer group to compare it with. 2025 broker pay on file so far totals $86,908 across all lines, about 38% less than the $139,077 for 2024. Rows for 2025 stay in the broker history and stay out of the headline and the peer comparison.

Self-funded medical. This figure is commissions on the insured ancillary lines (life, disability, dental, vision, stop-loss). A self-funded employer's medical advisor is typically paid a fee outside these filings, so total broker pay is usually higher than the figure shown.

Broker commission rate by benefit line

What the broker earns on each insured line, as a share of that line's own premium — not a share of total broker pay, and not what the coverage cost. Peers for these tiles: same region, similar covered lives. Full table below. How the national rates are built.

Dental

9.9%

Peer median 7.0%

Within peer range

Long-term disability

3.3%

Peer median 10.9%

Below peer range

Life

10.0%

Peer median 11.9%

Within peer range

Short-term disability

8.5%

Peer median 12.0%

Within peer range

Voluntary / worksite

54.7%

Peer median 19.7%

Above peer range

Vision

6.2%

Peer median 10.0%

Below peer range

Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.

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What the gap is worth — the dollar difference vs. peer median, including a 3-year view
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Where the $139,077 across all lines goes

Each broker and each benefit line, in dollars

How much broker pay rides inside the premium

Base commission against bonuses and other carrier payments, all funded through premium

Whether this number is drifting

Compensation across every filed year, against the peer median

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Benefits covered (latest filing)

HealthDentalLife insuranceShort-term disabilityLong-term disabilityUnemploymentApprenticeship / trainingSeveranceOther

From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).

Disclosure opacity

What this filing doesn't show

This filing discloses no compensation on a health or stop-loss contract for 2025 — the plan's largest lines are absent from the public record. That is typical for self-funded plans, not reassuring: 53% of self-funded health plans with 100+ participants disclose the same — nothing (42K plans reviewed, 2024 filings). How we count this. The compensation still exists — under ERISA Section 408(b)(2), it must be disclosed in writing to the plan fiduciary on request.

Get the 408(b)(2) disclosure request letter — a ready-to-send request for the compensation this filing doesn't show. Free with an employer account.

Broker history

Benefit lines covered by year — broker identity limited on public pages

Medical here is self-funded. The employer pays its own health claims (usually through a TPA), so there's no insurance contract for medical and it never appears on Schedule A. The itemized coverages in this filing are the insured ancillary lines — dental, vision, life, disability. Schedule C captures advisor pay two ways: paid directly from plan assets, or received indirectly from a carrier or vendor in connection with the plan. This plan has no Schedule C on file — so any advisor compensation beyond those ancillary lines isn't captured in this filing.

Year:

The 2025 filing is on file and its figures are shown as filed, but most employers have not filed 2025 yet, so it is not compared with peers. The analysis year is 2024, the latest year that is complete and benchmarked.

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Commission rates by benefit line

Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.

Analysis year 2024 — the same year as the headline figure and per-participant rate above. The 2025 filing is on file and its figures are shown as filed, but most employers have not filed 2025 yet, so it is not compared with peers.

Benefit line	Contract	Rate	vs. peers	Position
Dental	Aetna Life Insurance Co.	9.9%	med 7.0%	Within peer range
Long-term disability · contract GLTD093E1	United of Omaha Life Insurance Company	3.3%	med 10.9%	Below peer range
Life (ACCIDENTAL DEATH AND DISMEMBERMENT)	United of Omaha Life Insurance CompanyPlan 501 · 572 lives · Life, Other (ACCIDENTAL DEATH AND …	10.0%	med 11.9%	Within peer range
Short-term disability	United of Omaha Life Insurance Company	8.5%	med 12.0%	Within peer range
Life (basic)	United of Omaha Life Insurance CompanyPlan 501 · 212 lives · Life	9.0%	med 15.2%	Below peer range
Voluntary / worksite · contract 59967multi-product: accident + critical illness + hospital indemnity	Prudential Insurance Company of America	54.7%	med 19.7%	Above peer range
Vision	Humana Insurance Company	6.2%	med 10.0%	Below peer range
Long-term disability · contract 0000161013	Provident Life and Accident Insurance CompanyPlan 501 · 48 lives · Long-term disability	9.6%	med 17.3%	Below peer range
Voluntary / worksite · contract ER00036940	Transamerica Life Insurance Company	18.0%	med 18.9%	Within peer range
Voluntary / worksite · contract 571348	MetLife Legal Plans of Florida	11.6%	med 18.9%	Below peer range
Long-term disability · contract 0000113680	Provident Life and Accident Insurance CompanyPlan 501 · 12 lives · Long-term disability	3.0%	med 17.3%	No commission on this contract

2 contracts under $10,000 in premium — listed for completeness, not compared to peers. Show

Life — National Union Fire Ins. Co. of Pittsburgh, PA — Premium under $10,000 is too small to compare
Long-term disability — Unum Life Insurance Company of America — Premium under $10,000 is too small to compare

How the peer group for each line was built

Dental: n=795 contracts, Southeast, 501-2500 covered lives
Long-term disability: n=534 contracts, Southeast, 501-2500 covered lives
Life: n=1,145 contracts, Southeast, 501-2500 covered lives
Short-term disability: n=325 contracts, Southeast, 501-2500 covered lives
Life: n=2,865 contracts, Southeast, 101-500 covered lives
Voluntary / worksite: n=3,165 contracts, Southeast, 101-500 covered lives
Vision: n=2,251 contracts, Southeast, 101-500 covered lives
Long-term disability: n=742 contracts, Southeast, 1-100 covered lives
Voluntary / worksite: n=3,250 contracts, Southeast, 1-100 covered lives

n = the number of peer contracts in that comparison group.

Everything in this table is from the 2024 filing. These 13 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on bundled multi-line contracts, contracts with no premium reported, or Schedule C service-provider fees, none of which carry a comparable single-line rate. 2025 is not rated here. Its rows appear in Broker history above as filed — pick 2025 on the year chips there to see them.

Who funds this. Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.

Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. A rate on bundled multi-line premium is not comparable to a single-line rate, so bundled contracts are never given a peer position. Contracts under $10,000 in premium are listed for completeness, with no rate or peer position. A near-zero rate on a large premium usually means the broker is paid elsewhere (through a bundled contract, a Schedule C fee, or commission on other lines), so no market position is shown for that contract.

Plans on file

Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.

PN 501GROW FINANCIAL FEDERAL CREDIT UNION FLEXIBLE BENEFIT PLAN575 participants (2025)

HealthDentalLife insuranceShort-term disabilityLong-term disabilityUnemploymentApprenticeship / trainingSeveranceOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file

Loading contracts…

Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.

At a glance

Primary brokerLimited on public pages

Years on file5

Lead broker continuityFiled brokername changed

Broker setup4 brokers in 20245 across all years

Most

Peer benchmarkInsurance / Financial Servicesn=41 · state peers

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How do similar employers compare?

Employers in the same peer group (Insurance / Financial Services, similar size), from public Form 5500 filings. Open one to see what it pays its broker.

Browse more: Florida employer health plans · Insurance / Financial Services plans in Florida · all states

Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Analysis year: 2024; newest plan year with a filing on file: 2025. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.

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Unbrokered reports data as filed with the DOL. If you believe a figure is incorrect, tell us what it should be. We respond within 2 business days and, where the underlying filing has been amended, update on our next data refresh. We don't remove publicly filed information on request, but we do correct genuine errors.