Guaranty Bank and Trust
Updated Filing received by DOL
Guaranty Bank and Trust, a finance & insurance employer in Belzoni, Mississippi, reported 405 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $2.9M in insurance premiums across 6 contracts and $229,185 in broker commissions and fees, 3.2% 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 October 15, 2025, within the extension window.
Who was paid on Guaranty Bank and Trust's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Guaranty Bank and Trust filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| D Kirk Scoggins · Ridgeland, MS | $92,480 | $0 | $92,480 | 1 |
| HUB International · Metairie, LA | $55,745 | $14,530 | $70,275 | 5 |
| Darla S Still · Belzoni, MA | $18,853 | $1,641 | $20,494 | 1 |
| Victoria Grace Still · Inverness, MS | $11,825 | $1,091 | $12,916 | 1 |
| Christian Andre Levern · Brandon, MS | $4,512 | $572 | $5,084 | 1 |
| Laura J Mooneyhan · Tupelo, MS | $4,152 | $163 | $4,315 | 1 |
| Lauren K Kemp · Cleveland, MS | $4,168 | $91 | $4,259 | 1 |
| Joshua Cline · Richland, MS | $2,628 | $0 | $2,628 | 1 |
| Valerie D Hood · Belden, MS | $2,171 | $0 | $2,171 | 1 |
| Margarita M Stanford · Clinton, MS | $1,297 | $0 | $1,297 | 1 |
| MC Wright Insurance Group, LLC · Belmont, MS | $1,088 | $0 | $1,088 | 1 |
| Ginger Kaye Hardy · Tupelo, MS | $993 | $38 | $1,031 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of MS, Inc.health | 639 | $2.9M | $92,480 | 3.2% |
| Unum Life Insurance Company of Americalife | 209 | — | $14,414 | — |
| Unum Life Insurance Company of Americalife, long-term disability | 420 | — | $38,486 | — |
| Unum Life Insurance Company of Americashort-term disability | 122 | — | $10,548 | — |
| Ameritas Life Insurance Corp.vision | 796 | — | $6,827 | — |
| Aflacdental, vision, life, short-term disability | 437 | — | $66,430 | — |
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Guaranty Bank and Trust 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: $4,538 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
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 268 | 405 | +51.1% |
| Premiums filed | $2,029,214 | $2,899,573 | +42.9% |
| Broker commissions + fees | $123,258 | $229,185 | +85.9% |
| Commission rate | 3.5% | 3.2% | −0.3 pts |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
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 |
|---|---|---|---|---|
| Guaranty Bank & Trust Company Benefit Plan#501 · insurance | December 31, 2024 | October 15, 2025 | within extension | 405 |
| Guaranty Bank and Trust Flexible Benefit Plan#506 · general assets | December 31, 2024 | February 11, 2025 | before deadline | 146 |
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 Guaranty Bank and Trust pay in health insurance broker commissions in 2024?
Guaranty Bank and Trust's 2024 Form 5500 reports $229,185 in broker commissions and fees across 6 insurance contracts ($210,311 in commissions, $18,874 in fees), with D Kirk Scoggins receiving the largest share.
Is Guaranty Bank and Trust's health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Blue Cross Blue Shield of MS, Inc..
How does Guaranty Bank and Trust's broker compensation compare with similar employers?
Guaranty Bank and Trust paid 3.2% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Mississippi is 3.7%. Percentages are computed only on fully insured medical contracts with filed premiums.
Send the full findings to your inbox.
A specialist writes up every finding for Guaranty Bank and Trust 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.