Umpqua Bankbenefits

Umpqua Bank's benefits plans covered 4,572 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $413,634. Insurance brokers and agents were paid $525,814 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 127.1% of premiums. That is $115 per covered person, below the median for employer plans that report broker pay. Broker pay fell 3.6% from $545,549 in 2023.