Bom Bankbenefits

Bom Bank's benefits plan covered 221 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,201,187. Insurance brokers and agents were paid $90,467 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.5% of premiums. That is $409 per covered person, above the median for employer plans that report broker pay.