Royal Credit Unionbenefits

Royal Credit Union's benefits plans covered 818 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $425,382. Insurance brokers and agents were paid $45,312 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.7% of premiums. That is $55 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 1.1% from $44,815 in 2024.