Meridian Bankbenefits

Meridian Bank's benefits plans covered 237 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,579,162. Insurance brokers and agents were paid $161,594 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.5% of premiums. That is $682 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 5.4% from $153,329 in 2023.