First State Bancshares, Inc.benefits

First State Bancshares, Inc.'s benefits plans covered 654 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $635,017. Insurance brokers and agents were paid $41,876 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.6% of premiums. That is $64 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 21% from $34,645 in 2023.