South Shore Bankbenefits

South Shore Bank's benefits plans covered 276 active participants in 2024, providing health · life · dental · long-term disability · death benefits · vision. Insurance premiums totaled $201,183. Insurance brokers and agents were paid $72,125 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.9% of premiums. That is $261 per covered person, above the median for employer plans that report broker pay. Broker pay rose 21% from $59,680 in 2023.