Bank of Tennessee
Updated Filing received by DOL
Bank of Tennessee, a finance & insurance employer in Johnson City, Tennessee, reported 224 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $2.1M in insurance premiums across 2 contracts and $80,058 in broker commissions and fees, 3.6% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 22, 2026, before the deadline.
Who was paid on Bank of Tennessee's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Bank of Tennessee filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Hanes Torbett · Johnson City, TN | $74,436 | $0 | $74,436 | 1 |
| Stephen L. Foster · Johnson City, TN | $2,564 | $0 | $2,564 | 1 |
| Jeffrey Gaston Copeland · Atlanta, GA | $1,130 | $0 | $1,130 | 1 |
| Ryan A. Drebing · Johnson City, TN | $453 | $0 | $453 | 1 |
| Jackson D. Rhodes · Bristol, TN | $349 | $0 | $349 | 1 |
| Brian D. Ely · Marietta, GA | $332 | $0 | $332 | 1 |
| Mark Edward Case · Castle Pines, CO | $307 | $0 | $307 | 1 |
| LYNN B. Hodge · Jonesborough, TN | $282 | $0 | $282 | 1 |
| Casey a Curlee · Knoxville, TN | $205 | $0 | $205 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Bluecross Blueshield of Tennessee, Inchealth, dental, vision | 407 | $2.1M | $74,436 | 3.6% |
| Aflaccoverage not coded | 60 | — | $5,622 | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Bank of Tennessee compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Premium per covered person on medical contracts: $5,073 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 243 | 224 | −7.8% |
| Premiums filed | $2,144,986 | $2,064,715 | −3.7% |
| Broker commissions + fees | $86,148 | $80,058 | −7.1% |
| Commission rate | 3.7% | 3.6% | −0.1 pts |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Bank of Tennessee Health Plan#501 · insurance, general assets | December 31, 2025 | July 22, 2026 | before deadline | 224 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Bank of Tennessee pay in health insurance broker commissions in 2025?
Bank of Tennessee's 2025 Form 5500 reports $80,058 in broker commissions and fees across 2 insurance contracts ($80,058 in commissions, $0 in fees), with Hanes Torbett receiving the largest share.
Is Bank of Tennessee's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Bluecross Blueshield of Tennessee, Inc.
How does Bank of Tennessee's broker compensation compare with similar employers?
Bank of Tennessee paid 3.6% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Tennessee is 3.9%. Percentages are computed only on fully insured medical contracts with filed premiums.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.