Sturgis Bank & Trustbenefits

Sturgis Bank & Trust's benefits plan covered 175 active participants in 2023, providing life · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $12,629 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $72 per covered person, below the median for employer plans that report broker pay.