Farmers State Bankbenefits

Farmers State Bank's benefits plans covered 123 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $41,122. Insurance brokers and agents were paid $72,656 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 176.7% of premiums. That is $591 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 77% from $313,977 in 2024.