Leominster Credit Unionbenefits

Leominster Credit Union's benefits plan covered 132 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,751,426. Insurance brokers and agents were paid $74,903 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.3% of premiums. That is $567 per covered person, in the top quarter of employer plans that report broker pay.