Genesee Regional Bankbenefits

Genesee Regional Bank's benefits plans covered 162 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $79,622. Insurance brokers and agents were paid $77,280 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 97.1% of premiums. That is $477 per covered person, in the top quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.