S & T Bankbenefits

S & T Bank's benefits plans covered 1,205 active participants in 2024, providing health · life · long-term disability · vision · dental. Insurance premiums totaled $198,671. Insurance brokers and agents were paid $33,837 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 17.0% of premiums. That is $28 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 160% from $13,033 in 2023.