Umb Financial Corp.benefits

Umb Financial Corp.'s benefits plans covered 3,664 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $594,088. Insurance brokers and agents were paid $444,268 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 74.8% of premiums. That is $121 per covered person, below the median for employer plans that report broker pay. Broker pay rose 63% from $272,041 in 2023.