Board of Trustees, Bac of Michigan Welfare Fundbenefits

Board of Trustees, Bac of Michigan Welfare Fund's benefits plans covered 1,623 active participants in 2024, providing health · dental · vision · short-term disability · death benefits · other. Insurance brokers and agents were paid $54,132 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $33 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 24% from $43,520 in 2023.