First Community Bankbenefits

First Community Bank's benefits plans covered 385 active participants in 2024, providing dental · life · short-term disability · long-term disability · health. Insurance premiums totaled $384,146. Insurance brokers and agents were paid $384,261 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 100.0% of premiums. That is $998 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 3.7% from $370,531 in 2023.