The Honesdale National Bankbenefits

The Honesdale National Bank's benefits plans covered 147 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $20,034. Insurance brokers and agents were paid $48,087 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 240.0% of premiums. That is $327 per covered person, above the median for employer plans that report broker pay. Broker pay rose 32% from $36,476 in 2023.