Townebankbenefits

Townebank's benefits plans covered 2,572 active participants in 2024, providing dental · vision · health · life · long-term disability · short-term disability · other. Insurance premiums totaled $216,228. Insurance brokers and agents were paid $661,087 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 305.7% of premiums. That is $257 per covered person, above the median for employer plans that report broker pay. Broker pay rose 18% from $562,601 in 2023.