Iowa Bankers Benefit Plan Board of Trusteesbenefits

Iowa Bankers Benefit Plan Board of Trustees's benefits plans covered 12,435 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · death benefits. Insurance premiums totaled $7,348,923. Insurance brokers and agents were paid $366,509 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.0% of premiums. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 2.8% from $377,043 in 2023.