Bank of Springfieldbenefits

Bank of Springfield's benefits plans covered 340 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $3,291,149. Insurance brokers and agents were paid $81,105 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.5% of premiums. That is $239 per covered person, above the median for employer plans that report broker pay. Broker pay rose 5.9% from $76,561 in 2024.