Central Bancshares, Inc.
Updated Filing received by DOL
Central Bancshares, Inc., a finance & insurance employer in Lexington, Kentucky, reported 519 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $175,615 in insurance premiums across 6 contracts and $259,204 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 6, 2026, before the deadline.
Who was paid on Central Bancshares, Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Central Bancshares, Inc. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Central Bank Insurance Agency · Lexington, KY | $225,768 | $0 | $225,768 | 5 |
| Paula Cummins Frizzell · Lexington, KY | $14,415 | $78 | $14,493 | 1 |
| Cbia · Lexington, KY | $6,263 | $0 | $6,263 | 1 |
| Bryan Keith Frizzell · Lexington, KY | $4,866 | $61 | $4,927 | 1 |
| Brent D Hutchinson · Lexington, KY | $2,518 | $29 | $2,547 | 1 |
| Brett Alan Booker · Lexington, KY | $2,490 | $5 | $2,495 | 1 |
| Laura Beth Keller · Lexington, KY | $770 | $0 | $770 | 1 |
| Heather L Mammen · Frankfort, KY | $543 | $0 | $543 | 1 |
| Lawrence Todd Fugate · Lexington, KY | $542 | $0 | $542 | 1 |
| Michael Lindsay Campbell · Lexington, KY | $171 | $0 | $171 | 1 |
| C R Ramsey Potts · Morgantown, KY | $113 | $0 | $113 | 1 |
| Rueann M Emerson · Oak Island, NC | $71 | $0 | $71 | 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. Where Part I rows added up to more than the contract's Schedule A total, they were scaled down to that total. 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 |
|---|---|---|---|---|
| Delta Dental of Kentuckydental | 673 | $175,615 | $4,586 | 2.6% |
| Anthem Health Plans of KY, Inc - Healthhealth | 643 | — | $100,113 | — |
| Anthem Health Plans of KY, Inc. - Visionvision | 608 | — | $100,113 | — |
| Hartford Life and Accidentlife | 511 | — | $19,857 | — |
| Hartford Life and Accidentlife | 511 | — | $1,099 | — |
| Aflacindemnity | 157 | — | $33,436 | — |
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 Central Bancshares, Inc. 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.
Not computable: no insured medical premium on the filing.
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 | 503 | 519 | +3.2% |
| Premiums filed | $169,986 | $175,615 | not comparable |
| Broker commissions + fees | $225,806 | $259,204 | +14.8% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Central Bancshares Welfare and Benefit Plan#512 · insurance, general assets | December 31, 2025 | July 6, 2026 | before deadline | 519 |
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 Central Bancshares, Inc. pay in health insurance broker commissions in 2025?
Central Bancshares, Inc.'s 2025 Form 5500 reports $259,204 in broker commissions and fees across 6 insurance contracts ($259,031 in commissions, $173 in fees), with Central Bank Insurance Agency receiving the largest share.
Is Central Bancshares, Inc.'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 Anthem Health Plans of KY, Inc - Health.
How does Central Bancshares, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Central Bancshares, Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 500-999 participants that disclosed broker pay reported a median of $104,902.
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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.