Automobile Mechanics' Local No. 701 Union and Industry Welfarebenefits

Automobile Mechanics' Local No. 701 Union and Industry Welfare's benefits plans covered 5,525 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $68,977,141. Insurance brokers and agents were paid $154,356 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.2% of premiums. That is $28 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 22% from $126,765 in 2023.