South Dakota Bankers Associationbenefits

South Dakota Bankers Association's benefits plans covered 1,470 active participants in 2025, providing vision. Insurance premiums totaled $222,691. Insurance brokers and agents were paid $29,422 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.2% of premiums. That is $20 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 56% from $66,514 in 2024.