Bd of Trustees Bctgm Local 53 Health Benefits Fundbenefits
Bctgm Local 53 Health Benefits Fund · CLIFTON, NJ · plan year 2024
Broker compensation reported · 2024
$417,451
Bd of Trustees Bctgm Local 53 Health Benefits Fund's benefits plans covered 1,573 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance brokers and agents were paid $417,451 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $265 per covered person, above the median for employer plans that report broker pay. Broker pay rose 66% from $251,795 in 2023.
Insurance contracts · 20247
SHELTERPOINT LIFE INSURANCE COMPANY · stdpremiums n/a · 140 covered
SHELTERPOINT LIFE INSURANCE COMPANY · stdpremiums n/a · 451 covered
EMBLEMHEALTH · hmo ppopremiums n/a · 466 covered
ZURICH AMERICAN INSURANCE COMPANY · stop-losspremiums n/a · 1,172 covered
USABLE LIFE · lifepremiums n/a · 951 covered
ZURICH AMERICAN INSURANCE COMPANY · stop-losspremiums n/a · 195 covered
UNITEDHEALTHCARE INSURANCE COMPANY · healthpremiums n/a · 176 covered
Brokers & agents paid · 20242
HORIZON INSURANCE COMPANY$8,122 · incl $8,122 fees
ACRISURE LLC$409,329
Also brokered by Horizon Insurance Company5
Horizon Healthcare Services, Inc. NJ$186,320
Withumsmith & Brown, PC NJ$72,755
Benecard Services, Inc NJ$19,118
Atalanta Corporation NJ$15,266
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 111782177 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.