Kennebec Savings Bankbenefits

Kennebec Savings Bank's benefits plans covered 189 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,836,290. Insurance brokers and agents were paid $79,630 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.8% of premiums. That is $421 per covered person, above the median for employer plans that report broker pay. Broker pay fell 8.0% from $86,545 in 2023.