Lake Trust Credit Unionbenefits

Lake Trust Credit Union's benefits plans covered 490 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $435,869. Insurance brokers and agents were paid $85,546 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.6% of premiums. That is $175 per covered person, below the median for employer plans that report broker pay. Broker pay was essentially unchanged from 2023.