United Bank of Michiganbenefits

United Bank of Michigan's benefits plans covered 131 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $92,408. Insurance brokers and agents were paid $19,138 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.7% of premiums. That is $146 per covered person, below the median for employer plans that report broker pay. Broker pay fell 9.2% from $21,074 in 2023.