Fifth Third Bancorpbenefits

Fifth Third Bancorp's benefits plans covered 19,121 active participants in 2024, providing life · health · long-term disability · death benefits · dental. Insurance premiums totaled $7,272,156. Insurance brokers and agents were paid $203,552 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.8% of premiums. That is $11 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 30% from $292,110 in 2023.