Kitsap Bankbenefits

Kitsap Bank's benefits plans covered 260 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $215,003. Insurance brokers and agents were paid $172,593 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 80.3% of premiums. That is $664 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 25% from $138,097 in 2023.