Team One Credit Unionbenefits

Team One Credit Union's benefits plans covered 172 active participants in 2024, providing health · vision · life · dental · long-term disability. Insurance premiums totaled $146,194. Insurance brokers and agents were paid $144,854 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 99.1% of premiums. That is $842 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 8.5% from $158,358 in 2023.