Southern Bancorpbenefits

Southern Bancorp's benefits plans covered 585 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $2,499,154. Insurance brokers and agents were paid $44,561 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.8% of premiums. That is $76 per covered person, below the median for employer plans that report broker pay. Broker pay rose 16% from $38,439 in 2023.