Ofg Bancorpbenefits

Ofg Bancorp's benefits plans covered 2,219 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,132,626. Insurance brokers and agents were paid $379,189 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 33.5% of premiums. That is $171 per covered person, below the median for employer plans that report broker pay. Broker pay rose 11% from $341,696 in 2023.