Century Bankbenefits

Century Bank's benefits plans covered 111 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $229,985. Insurance brokers and agents were paid $41,290 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.0% of premiums. That is $372 per covered person, above the median for employer plans that report broker pay. Broker pay fell 58% from $98,396 in 2023.