Bankplusbenefits

Bankplus's benefits plans covered 994 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $467,955. Insurance brokers and agents were paid $205,599 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 43.9% of premiums. That is $207 per covered person, above the median for employer plans that report broker pay. Broker pay fell 10% from $229,203 in 2023.