Generations Bankbenefits

Generations Bank's benefits plans covered 113 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $95,934. Insurance brokers and agents were paid $17,918 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.7% of premiums. That is $159 per covered person, below the median for employer plans that report broker pay. Broker pay fell 3.0% from $18,481 in 2023.