Summit Bankbenefits

Summit Bank's benefits plans covered 133 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $21,139. Insurance brokers and agents were paid $53,471 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 252.9% of premiums. That is $402 per covered person, above the median for employer plans that report broker pay. Broker pay fell 53% from $114,222 in 2024.