Hills Bank and Trust Companybenefits

Hills Bank and Trust Company's benefits plans covered 461 active participants in 2024, providing health · dental · vision · long-term disability · life. Insurance premiums totaled $4,076,152. Insurance brokers and agents were paid $126,132 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.1% of premiums. That is $274 per covered person, above the median for employer plans that report broker pay. Broker pay rose 13% from $111,197 in 2023.