The First Bancshares, Inc.benefits

The First Bancshares, Inc.'s benefits plan covered 1,051 active participants in 2024, providing health · life · dental · long-term disability · other. Insurance premiums totaled $7,028,900. Insurance brokers and agents were paid $297,948 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.2% of premiums. That is $283 per covered person, above the median for employer plans that report broker pay.