Midfirst Bankbenefits

Midfirst Bank's benefits plans covered 3,125 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,582,945. Insurance brokers and agents were paid $396,115 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.3% of premiums. That is $127 per covered person, below the median for employer plans that report broker pay. Broker pay fell 35% from $612,224 in 2023.