First Bank Corpbenefits

First Bank Corp's benefits plans covered 637 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $236,962. Insurance brokers and agents were paid $69,041 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 29.1% of premiums. That is $108 per covered person, below the median for employer plans that report broker pay. Broker pay fell 4.8% from $72,501 in 2023.