Bank of Hopebenefits

Bank of Hope's benefits plans covered 1,250 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $161,648. Insurance brokers and agents were paid $73,770 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 45.6% of premiums. That is $59 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 12% from $84,086 in 2023.