Power Financial Credit Unionbenefits

Power Financial Credit Union's benefits plans covered 147 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,451,483. Insurance brokers and agents were paid $79,058 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.4% of premiums. That is $538 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 6.6% from $84,626 in 2023.