Allegacy Federal Credit Unionbenefits

Allegacy Federal Credit Union's benefits plans covered 397 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $288,643. Insurance brokers and agents were paid $103,049 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.7% of premiums. That is $260 per covered person, above the median for employer plans that report broker pay. Broker pay rose 27% from $80,939 in 2023.