Cpm Federal Credit Unionbenefits

Cpm Federal Credit Union's benefits plans covered 189 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,859,867. Insurance brokers and agents were paid $143,391 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.7% of premiums. That is $759 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 36% from $105,330 in 2023.