Lbs Financial Credit Unionbenefits

Lbs Financial Credit Union's benefits plans covered 214 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $801,521. Insurance brokers and agents were paid $73,298 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.1% of premiums. That is $343 per covered person, above the median for employer plans that report broker pay. Broker pay fell 57% from $170,885 in 2023.