Preferred Bankbenefits

Preferred Bank's benefits plans covered 319 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $235,680 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $739 per covered person, in the top 10% of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.