Community Bank of Mississippibenefits

Community Bank of Mississippi's benefits plans covered 545 active participants in 2024, providing vision. Insurance premiums totaled $91,926. Insurance brokers and agents were paid $9,159 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.0% of premiums. That is $17 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 53% from $19,318 in 2023.