Financial Institutions, Inc.benefits

Financial Institutions, Inc.'s benefits plans covered 587 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $17,253 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 88% from $140,637 in 2023.