Umassfive College Federal Credit Unionbenefits

Umassfive College Federal Credit Union's benefits plans covered 128 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $88,152. Insurance brokers and agents were paid $56,264 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 63.8% of premiums. That is $440 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 10% from $51,059 in 2023.