First Merchants Corporationbenefits

First Merchants Corporation's benefits plans covered 1,964 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $989,758. Insurance brokers and agents were paid $99,612 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.1% of premiums. That is $51 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 39% from $164,188 in 2024.