First Bank Puerto Rico Supplemental Benefitsbenefits

First Bank Puerto Rico Supplemental Benefits's benefits plan covered 2,857 active participants in 2023, providing dental · vision · short-term disability. Insurance premiums totaled $962,399. Insurance brokers and agents were paid $1,171,399 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 121.7% of premiums. That is $410 per covered person, above the median for employer plans that report broker pay.