Amalgamated Bankbenefits

Amalgamated Bank's benefits plans covered 385 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $404,336. Insurance brokers and agents were paid $14,138 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.5% of premiums. That is $37 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 17% from $17,020 in 2023.