First Bank Florida Welfare Benefitsbenefits

First Bank Florida Welfare Benefits's benefits plan covered 217 active participants in 2024, providing health. Insurance premiums totaled $1,758,074. Insurance brokers and agents were paid $1,829,919 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 104.1% of premiums. That is $8,433 per covered person, in the top 10% of employer plans that report broker pay.