Bank of Utahbenefits

Bank of Utah's benefits plans covered 403 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $192,457. Insurance brokers and agents were paid $147,567 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 76.7% of premiums. That is $366 per covered person, above the median for employer plans that report broker pay. Broker pay fell 9.7% from $163,357 in 2024.