Solvay Bankbenefits

Solvay Bank's benefits plans covered 208 active participants in 2025, providing health · life · dental · vision · other. Insurance premiums totaled $100,706. Insurance brokers and agents were paid $81,027 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 80.5% of premiums. That is $390 per covered person, above the median for employer plans that report broker pay. Broker pay rose 5.4% from $76,842 in 2024.