Magnolia Bank, Incorporatedbenefits

Magnolia Bank, Incorporated's benefits plans covered 273 active participants in 2025, providing life · vision · short-term disability · long-term disability · other. Insurance premiums totaled $46,885. Insurance brokers and agents were paid $55,438 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 118.2% of premiums. That is $203 per covered person, above the median for employer plans that report broker pay. Broker pay rose 33% from $41,528 in 2024.