Guaranty Bank & Trust Companybenefits

Guaranty Bank & Trust Company's benefits plans covered 420 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,899,573. Insurance brokers and agents were paid $229,185 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.9% of premiums. That is $546 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 86% from $123,258 in 2023.