Sun East Federal Credit Unionbenefits

Sun East Federal Credit Union's benefits plans covered 142 active participants in 2024, providing health · life · vision · long-term disability · death benefits · other. Insurance premiums totaled $1,702,121. Insurance brokers and agents were paid $83,618 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.9% of premiums. That is $589 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 6.6x the $12,667 reported for 2023.