First Palmetto Bankbenefits

First Palmetto Bank's benefits plan covered 162 active participants in 2023, providing health · life · dental · long-term disability · other · vision. Insurance premiums totaled $1,224,719. Insurance brokers and agents were paid $79,647 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.5% of premiums. That is $492 per covered person, in the top quarter of employer plans that report broker pay.