Amboy Bancorporationbenefits

Amboy Bancorporation's benefits plans covered 184 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,286,108. Insurance brokers and agents were paid $81,447 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.6% of premiums. That is $443 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 26% from $109,616 in 2023.