Oxford Bankbenefits

Oxford Bank's benefits plans covered 143 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · other. Insurance premiums totaled $101,816. Insurance brokers and agents were paid $103,427 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 101.6% of premiums. That is $723 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 15% from $122,189 in 2023.