| IPS Compensation tool | | | | | | | | | |
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| | | | | | | | | |
| This is what you get paid | | | | | | | | |
| 3.0% | State Farm and Jackson Annuities | | | | | | | |
| 1.0% | Mutual Fund compensation | | | | | | | |
| | This ranges from 2.25% payout on accounts under 25K and .45% on accounts over 1MM | | | | | | | |
| 0.1% | Trail Commissions on MF and 401K business (R Shares) | | | | | This snowballs! | | |
| 0.2% | Advisory Compensation | | | | | | | |
| | IPS Annual Bonus | | | | | | | |
| | Life Insurance - State Farm and Pacific Life | | | | | | | |
| | Other State Farm P&C lines | | | | | | | |
| | | | | | | | | |
| Hire a rep and set some goals | | | | | | | | |
| | | | | | | | | |
| Experienced Rep who will sell IPS and Life in your office. Great candidate, knows what they are doing and is going to work your book. | | | | | | | | |
| | | | | | | | | |
| $50,000.00 | Base Salary | | | | | | | |
| 25.0% | Payout of all IPS Commissions | | | | | | | |
| | | | | | | | | |
| $3,000,000.00 | Goal of New IPS Money | | | | | | | |
| $15,000.00 | Life Insurance Commissions | | | | | | | |
| $1,000,000.00 | Total Amount of money under management currently (AUM) | | | | | | | |
| | | | | | | | | |
| | $1,500,000.00 | Jackson and SF Annuities | | | | | | |
| | $750,000.00 | State Farm Brokerage accounts | | | | | | |
| | $750,000.00 | State Farm Advisory | | | | | | |
| | $10,000.00 | Annual IPS Bonus | | | | | | |
| | $15,000.00 | Life Insurance Commissions | | | | | | |
| | | | | | | | | |
| | Agency Comp Total | | | Producer Comp Total | | | Paid monthly off 1 line in Recap/Control D. (Page 16, end of month for Dave) | |
| Trail Comp | $1,500.00 | | 25.0% | $375.00 | | | | |
| Brokerage Comp | $1,125.00 | | | $281.25 | | | | |
| Advisory Comp | $1,725.00 | | | $431.25 | | | | |
| Annuity Comp | $45,000.00 | | | $11,250.00 | | | | |
| IPS Bonus Comp | $10,000.00 | | | $2,500.00 | | | | |
| Life Comp | $15,000.00 | | | $3,750.00 | You would probably pay more on this category | | | |
| | | | | | | | | |
| Totals | $74,350.00 | | | $18,587.50 | Bonus | | | |
| | | | | $50,000.00 | Salary | | | |
| | | | | | | | | |
| | | | | $68,587.50 | Total Comp for Producer | | | |
| Total Profit to Agency | | $5,762.50 | | | | | | |
| Plus | | 90,000 | IPS Travel Credits | | | | | |
| | | | 20 Points towards Chairmans Circle | | | | | |
| | | | Million Dollar Round Table | | | | | |
| | | | Life Premium credits for Scorecard and Travel | | | | | |
| | | | Presidents Club | | | | | |