Peapack Gladstone Bankbenefits

Peapack Gladstone Bank's benefits plans covered 577 active participants in 2024, providing health · life · short-term disability · long-term disability · death benefits. Insurance premiums totaled $877,551. Insurance brokers and agents were paid $319,052 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 36.4% of premiums. That is $553 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 2.8% from $310,211 in 2023.