Rave Financial Credit Unionbenefits

Rave Financial Credit Union's benefits plans covered 268 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $210,398. Insurance brokers and agents were paid $270,415 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 128.5% of premiums. That is $1,009 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 51% from $179,313 in 2023.