Citizens First Bank
Updated Filing received by DOL
Citizens First Bank, a finance & insurance employer in The Villages, Florida, reported 377 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 3 insurance contracts with no premium reported and $122,609 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Sun Life Assurance Company of Canada). The Department of Labor received the filing on July 30, 2026, before the deadline.
Who was paid on Citizens First Bank's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Citizens First Bank filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Stealth Partner Group, LLC · Scottsdale, AZ | $28,894 | $37,410 | $66,304 | 1 |
| The Baldwin Group · Tampa, FL | $43,296 | $3,447 | $46,743 | 2 |
| Watchtower Benefits LLC · Chicago, IL | $6,552 | $0 | $6,552 | 2 |
| Umr, Inc · Wausau, WI | $0 | $3,010 | $3,010 | 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 |
|---|---|---|---|---|
| Sun Life Assurance Company of Canadalife, short-term disability, long-term disability | 373 | — | $34,983 | — |
| The Guardian Life Insurance Company of Americadental, vision | 313 | — | $18,312 | — |
| Sun Life Assurance Company of Canadastop-loss | 326 | — | $69,314 | — |
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 Citizens First Bank 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 | 387 | 377 | −2.6% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $149,462 | $122,609 | −18.0% |
| 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 |
|---|---|---|---|---|
| Citizens First Bank Welfare Benefits Plan#501 · insurance, general assets | December 31, 2025 | July 30, 2026 | before deadline | 377 |
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 Citizens First Bank pay in health insurance broker commissions in 2025?
Citizens First Bank's 2025 Form 5500 reports $122,609 in broker commissions and fees across 3 insurance contracts ($78,742 in commissions, $43,867 in fees), with Stealth Partner Group, LLC receiving the largest share.
Is Citizens First Bank's health plan self-funded or fully insured?
The 2025 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from Sun Life Assurance Company of Canada).
How does Citizens First Bank's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Citizens First Bank because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 200-499 participants that disclosed broker pay reported a median of $77,013.
Send the full findings to your inbox.
A specialist writes up every finding for Citizens First Bank with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
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.