Peoples Security Bank & Trust Companybenefits

Peoples Security Bank & Trust Company's benefits plans covered 524 active participants in 2024, providing life · dental · vision · long-term disability · other. Insurance premiums totaled $279,114. Insurance brokers and agents were paid $120,822 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 43.3% of premiums. That is $231 per covered person, above the median for employer plans that report broker pay. Brokers were paid 6.3x the $19,280 reported for 2023.