Independent Bank Corporationbenefits

Independent Bank Corporation's benefits plans covered 840 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $130,606 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $155 per covered person, below the median for employer plans that report broker pay. Broker pay rose 33% from $98,186 in 2024.