Exchange Bankbenefits

Exchange Bank's benefits plans covered 367 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $437,018. Insurance brokers and agents were paid $6,861 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.6% of premiums. That is $19 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 5.4% from $7,249 in 2024.