Board of Trustees, Agc-Iuoe Local 701 Health & Welfare Trust Fundbenefits

Board of Trustees, Agc-Iuoe Local 701 Health & Welfare Trust Fund's benefits plans covered 2,217 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $288,335. Insurance brokers and agents were paid $73,209 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 25.4% of premiums. That is $33 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 124% from $32,693 in 2023.