Watertown Savings Bankbenefits

Watertown Savings Bank's benefits plans covered 112 active participants in 2024, providing life. Insurance premiums totaled $106,973. Insurance brokers and agents were paid $7,839 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.3% of premiums. That is $70 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 11% from $7,074 in 2023.