Merchants Bank National Associationbenefits

Merchants Bank National Association's benefits plan covered 166 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,468,407. Insurance brokers and agents were paid $31,198 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.1% of premiums. That is $188 per covered person, below the median for employer plans that report broker pay.