Malvern National Bankbenefits

Malvern National Bank's benefits plans covered 111 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $886,998. Insurance brokers and agents were paid $11,600 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.3% of premiums. That is $105 per covered person, below the median for employer plans that report broker pay. Broker pay rose 128% from $5,078 in 2023.