Savings Bank of Danburybenefits

Savings Bank of Danbury's benefits plans covered 203 active participants in 2024, providing health · life · dental · long-term disability · other. Insurance premiums totaled $1,584,462. Insurance brokers and agents were paid $152,982 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.7% of premiums. That is $754 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 83% from $83,437 in 2023.