Bank Iowabenefits

Bank Iowa's benefits plans covered 269 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $2,517,853. Insurance brokers and agents were paid $70,693 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.8% of premiums. That is $263 per covered person, above the median for employer plans that report broker pay. Broker pay was essentially unchanged from 2023.