The First, a National Banking Association dba the First Bankbenefits

The First, a National Banking Association dba the First Bank's benefits plan covered 1,072 active participants in 2023, providing health · life · dental · long-term disability · other. Insurance premiums totaled $7,184,726. Insurance brokers and agents were paid $206,436 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.9% of premiums. That is $193 per covered person, above the median for employer plans that report broker pay.