Pioneer Bankbenefits

Pioneer Bank's benefits plans covered 159 active participants in 2024, providing life · short-term disability · long-term disability. Insurance premiums totaled $38,824. Insurance brokers and agents were paid $5,224 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.5% of premiums. That is $33 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 30% from $4,014 in 2023.