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FIRST STATE BANK

EIN 75-0264230 · TX · Insurance / Financial Services

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Compensation disclosed2 brokers of record, 2023–2025As reported on Form 5500 (Schedules A and C), U.S. Department of Labor.
Employer-paid broker pay2025 · analysis: $58,1902024: $41,9392023: $6,025

Benchmarked against: Insurance / Financial Services · 101–500 employees · same industry, in-state · n=92 employers (your plan plus 91 peers)

114

(latest)

Self-funded

Funding

$58,190

Broker pay, employer-paid lines (2025)

$42.54

70th pct vs peers · n=92

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

Broker pay as a share of insured premium: 5.7% (peer median 8.2%, 31st percentile).

Without the 3 low-disclosure peers, this plan is at the 69th percentile of 89 comparable plans (your plan plus 88 peers).

Per-participant and share-of-premium comparisons differ because your plan insures fewer lines than most peers. The line-by-line rates below are the most direct comparison.

Employer-paid $58,190 benchmarked for 2025 · Voluntary $3,977 shown separately, compared by rate only

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.

Life

18.5%

155 peer contracts — p25 15.0% · median 18.4% · p75 22.3%. This contract: 18.5%.

Peer median 18.4%

Within peer range

Voluntary / worksite

14.6%

721 peer contracts — p25 15.0% · median 20.1% · p75 26.1%. This contract: 14.6%.

Peer median 20.1%

Below peer range

Vision

Not comparable

Premium under $10,000 is too small to compare

Long-term disability

Not comparable

Premium under $10,000 is too small to compare

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.

Dental is filed only inside a bundled multi-line contract, so there is no single-line rate to compare. The bundle's effective rate is in the table below.

Where the $62,167 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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Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.

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Benefits covered (latest filing)

HealthDentalLife insuranceShort-term disabilityApprenticeship / trainingOther

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

Broker history

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

Year:

Broker identity on this page is limited for public viewers. Sign in with your work email or share your plan basics for the full breakdown on your company.

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.

Benefit lineContractRatevs. peersPosition
Life · contract GVTL0CFJHUnited of Omaha Life Insurance CompanyPlan 505 · 64 lives · Life, Other (AD&D)18.5%155 peer contracts — p25 15.0% · median 18.4% · p75 22.3%. This contract: 18.5%.med 18.4%Within peer range
Life · contract GLUG0CFJHUnited of Omaha Life Insurance CompanyPlan 505 · 120 lives · Life, Other (AD&D)18.4%495 peer contracts — p25 11.3% · median 15.5% · p75 19.9%. This contract: 18.4%.med 15.5%Within peer range
Voluntary / worksiteUnited of Omaha Life Insurance CompanyPlan 505 · 42 lives · Other (CRITICAL ILLNESS)14.6%721 peer contracts — p25 15.0% · median 20.1% · p75 26.1%. This contract: 14.6%.med 20.1%Below peer range

Bundled and other contracts — no single-line peer comparison

A bundled contract covers two or more lines on one premium (for example Health + Dental). Its effective rate is the commission on the whole premium; it is shown for completeness and never compared with single-line peers, because the mix of lines inside the bundle sets the rate as much as the broker does.

CoversContractEffective ratevs. peers
Medical + DentalUnitedHealthcare Insurance CompanyPlan 5055.1%Bundled; no single-line peer
4 contracts under $10,000 in premium — listed for completeness, not compared to peers. Show
  • Voluntary / worksite — United of Omaha Life Insurance Company — Premium under $10,000 is too small to compare
  • Voluntary / worksite — United of Omaha Life Insurance Company — Premium under $10,000 is too small to compare
  • Vision — Superior Vision Plan of Texas — Premium under $10,000 is too small to compare
  • Long-term disability — United of Omaha Life Insurance Company — Premium under $10,000 is too small to compare
How the peer group for each line was built
  • Life: n=155 contracts, Southwest, 1-100 covered lives
  • Life: n=495 contracts, Southwest, 101-500 covered lives
  • Voluntary / worksite: n=721 contracts, Southwest, 1-100 covered lives
  • Vision: n=77 contracts, Southwest, 1-100 covered lives
  • Long-term disability: n=116 contracts, Southwest, 1-100 covered lives

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

Everything in this table is from the 2025 filing. These 8 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate.

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. Contracts under $10,000 in premium are listed for completeness, with no rate or peer position.

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 502FIRST STATE BANK MUTUAL OF OMAHA115 participants (2024)
DentalSeveranceApprenticeship / trainingFully insured

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PN 505FIRST STATE BANK HEALTH & WELFARE PLAN114 participants (2025)
HealthDentalLife insuranceShort-term disabilityApprenticeship / trainingOtherSelf-funded

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PN 501BLUECROSS BLUESHIELD OF TEXAS ACCOUNT 254524111 participants (2023)
DentalSeveranceFully insured

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PN 503FIRST STATE BANK UNITED HEALTHCARE105 participants (2024)
HealthFully insured

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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 file3
Lead broker continuitySame primary broker
Broker setup2 brokers across benefit lines
Most
Peer benchmarkInsurance / Financial Servicesn=92 · state peers

Is this your company?

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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: Texas employer health plans · Insurance / Financial Services plans in Texas · all states

Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year 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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