Alabama Farmers Cooperative, Inc.benefits

Alabama Farmers Cooperative, Inc.'s benefits plans covered 1,023 active participants in 2024, providing health · life · short-term disability · other. Insurance premiums totaled $11,468,219. Insurance brokers and agents were paid $287,014 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.5% of premiums. That is $281 per covered person, above the median for employer plans that report broker pay. Broker pay rose 41% from $203,569 in 2023.