First Western Bankbenefits

First Western Bank's benefits plan covered 221 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $897,876. Insurance brokers and agents were paid $32,476 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.6% of premiums. That is $147 per covered person, below the median for employer plans that report broker pay.