The Farmers & Merchants Bankbenefits

The Farmers & Merchants Bank's benefits plans covered 222 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $3,148,544. Insurance brokers and agents were paid $8,430 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.3% of premiums. That is $38 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 23% from $6,857 in 2024.