Central Bancompany, Inc.benefits

Central Bancompany, Inc.'s benefits plans covered 2,163 active participants in 2024, providing health · life · dental · vision · other · long-term disability. Insurance premiums totaled $856,890. Insurance brokers and agents were paid $193,149 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.5% of premiums. That is $89 per covered person, below the median for employer plans that report broker pay. Broker pay fell 25% from $257,531 in 2023.