New York State Bankers Group Employee Insurance Trustbenefits

New York State Bankers Group Employee Insurance Trust's benefits plans covered 3,609 active participants in 2024, providing life · dental · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $340,913. Insurance brokers and agents were paid $4,511 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 $1 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 23% from $3,663 in 2023.