First Bank Florida Benefitsbenefits

First Bank Florida Benefits's benefits plan covered 130 active participants in 2023, providing health · vision. Insurance premiums totaled $2,231,670. Insurance brokers and agents were paid $2,236,749 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 100.2% of premiums. That is $17,206 per covered person, in the top 10% of employer plans that report broker pay.