Austin Telco Federal Credit Unionbenefits

Austin Telco Federal Credit Union's benefits plans covered 235 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $334,350. Insurance brokers and agents were paid $62,124 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.6% of premiums. That is $264 per covered person, above the median for employer plans that report broker pay. Broker pay rose 11% from $55,840 in 2023.