Encore Bankbenefits

Encore Bank's benefits plans covered 312 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,783,922. Insurance brokers and agents were paid $65,967 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.4% of premiums. That is $211 per covered person, above the median for employer plans that report broker pay. Broker pay fell 26% from $88,617 in 2023.