Bank of Laborbenefits

Bank of Labor's benefits plans covered 126 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $97,925. Insurance brokers and agents were paid $23,005 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 23.5% of premiums. That is $183 per covered person, below the median for employer plans that report broker pay. Broker pay fell 67% from $69,423 in 2024.