Alpena Alcona Area Credit Unionbenefits

Alpena Alcona Area Credit Union's benefits plans covered 130 active participants in 2024, providing life · short-term disability · long-term disability · health · dental · vision. Insurance premiums totaled $1,216,379. Insurance brokers and agents were paid $82,322 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.8% of premiums. That is $633 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 6.7x the $12,357 reported for 2023.