Oakworth Capital Bankbenefits

Oakworth Capital Bank's benefits plans covered 163 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,615,098. Insurance brokers and agents were paid $97,410 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.0% of premiums. That is $598 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 74% from $55,956 in 2023.