First Source Federal Credit Unionbenefits

First Source Federal Credit Union's benefits plans covered 237 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,920,983. Insurance brokers and agents were paid $115,293 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 $486 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 9.2% from $105,582 in 2023.