The Bank of Delmarvabenefits

The Bank of Delmarva's benefits plans covered 279 active participants in 2023, providing health · dental · long-term disability. Insurance premiums totaled $998,184. Insurance brokers and agents were paid $353,402 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.4% of premiums. That is $1,267 per covered person, in the top 10% of employer plans that report broker pay.