Monticello Bankshares, Inc.benefits

Monticello Bankshares, Inc.'s benefits plans covered 155 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $95,378. Insurance brokers and agents were paid $47,821 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 50.1% of premiums. That is $309 per covered person, above the median for employer plans that report broker pay. Broker pay fell 50% from $95,091 in 2023.