Union Bank and Trust Companybenefits

Union Bank and Trust Company's benefits plans covered 1,024 active participants in 2024, providing life · vision · long-term disability · death benefits. Insurance premiums totaled $1,662,111. Insurance brokers and agents were paid $115,898 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.0% of premiums. That is $113 per covered person, below the median for employer plans that report broker pay. Broker pay rose 3.1% from $112,462 in 2023.