Farmers & Merchants Bank of Long Beachbenefits

Farmers & Merchants Bank of Long Beach's benefits plans covered 855 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $276,437 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $323 per covered person, above the median for employer plans that report broker pay. Broker pay rose 89% from $146,266 in 2023.