United Bancorporation of Alabama, Inc.benefits

United Bancorporation of Alabama, Inc.'s benefits plans covered 244 active participants in 2024, providing life · short-term disability · long-term disability · other. Insurance premiums totaled $1,768,162. Insurance brokers and agents were paid $45,784 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.6% of premiums. That is $188 per covered person, below the median for employer plans that report broker pay. Broker pay rose 18% from $38,748 in 2023.