First United Bank & Trust Co.benefits

First United Bank & Trust Co.'s benefits plans covered 1,809 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,416,716. Insurance brokers and agents were paid $323,945 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.9% of premiums. That is $179 per covered person, below the median for employer plans that report broker pay. Broker pay rose 35% from $239,805 in 2023.