Lake Ridge Bankbenefits

Lake Ridge Bank's benefits plans covered 361 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $269,775. Insurance brokers and agents were paid $59,175 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 21.9% of premiums. That is $164 per covered person, below the median for employer plans that report broker pay. Broker pay fell 8.6% from $64,722 in 2024.