Vast Bank National Associationbenefits

Vast Bank National Association's benefits plan covered 194 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $232,445. Insurance brokers and agents were paid $95,830 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 41.2% of premiums. That is $494 per covered person, in the top quarter of employer plans that report broker pay.