Bankonit, LLCbenefits

Bankonit, LLC's benefits plans covered 274 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $199,199. Insurance brokers and agents were paid $119,589 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 60.0% of premiums. That is $436 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 11% from $107,477 in 2023.