American Business Bankbenefits

American Business Bank's benefits plans covered 253 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $23,086. Insurance brokers and agents were paid $278,313 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1205.5% of premiums. That is $1,100 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 3.9% from $267,973 in 2023.