First Federal Bankbenefits

First Federal Bank's benefits plan covered 143 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $52,932. Insurance brokers and agents were paid $60,667 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 114.6% of premiums. That is $424 per covered person, above the median for employer plans that report broker pay.