Washington Trust Bankbenefits

Washington Trust Bank's benefits plans covered 1,235 active participants in 2025, providing long-term disability. Insurance premiums totaled $2,844,378. Insurance brokers and agents were paid $119,616 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.2% of premiums. That is $97 per covered person, below the median for employer plans that report broker pay. Broker pay rose 15% from $103,698 in 2024.