Bancroftbenefits

Bancroft's benefits plans covered 2,616 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $816,806. Insurance brokers and agents were paid $125,214 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.3% of premiums. That is $48 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 30% from $178,178 in 2023.