Southpoint Financial Credit Unionbenefits

Southpoint Financial Credit Union's benefits plan covered 104 active participants in 2024, providing life · long-term disability · death benefits. Insurance premiums totaled $30,249. Insurance brokers and agents were paid $5,735 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.0% of premiums. That is $55 per covered person, in the bottom quarter of employer plans that report broker pay.