First Guaranty Bankbenefits

First Guaranty Bank's benefits plans covered 266 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $4,059,986. Insurance brokers and agents were paid $159,334 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.9% of premiums. That is $599 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 32% from $235,303 in 2023.