Local Government Federal Credit Unionbenefits

Local Government Federal Credit Union's benefits plans covered 406 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $439,111. Insurance brokers and agents were paid $217,423 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 49.5% of premiums. That is $536 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 8.6% from $200,141 in 2023.