Bancfirstbenefits

Bancfirst's benefits plans covered 1,764 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $16,105,580. Insurance brokers and agents were paid $340,602 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.1% of premiums. That is $193 per covered person, above the median for employer plans that report broker pay. Broker pay rose 14% from $297,703 in 2023.