Evolve Federal Credit Unionbenefits

Evolve Federal Credit Union's benefits plans covered 70 active participants in 2023, providing long-term disability. Insurance premiums totaled $411,204. Insurance brokers and agents were paid $42,299 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.3% of premiums. That is $604 per covered person, in the top quarter of employer plans that report broker pay.