First Paragould Bankshares, Inc.benefits

First Paragould Bankshares, Inc.'s benefits plans covered 233 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,941,721. Insurance brokers and agents were paid $305,141 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.4% of premiums. That is $1,310 per covered person, in the top 10% of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.