Grand River Bankbenefits

Grand River Bank's benefits plan covered 78 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $104,157. Insurance brokers and agents were paid $76,917 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 73.8% of premiums. That is $986 per covered person, in the top 10% of employer plans that report broker pay.