Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Electrical Workers Insurance Fundbenefits

Electrical Workers' Insurance Fund · MADISON HEIGHTS, MI · plan year 2024

Broker compensation reported · 2024
$242,578

Board of Trustees, Electrical Workers Insurance Fund's benefits plans covered 3,865 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance brokers and agents were paid $242,578 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $63 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 66% from $710,980 in 2023.

Insurance contracts · 20244
HCC LIFE INSURANCE CO · stop-losspremiums n/a · 4,125 covered
HUMANA · healthpremiums n/a · 2,695 covered
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · life stdpremiums n/a · 5,519 covered
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (2) · lifepremiums n/a · 26 covered
Brokers & agents paid · 20244
TIMBERLAND GRP SERVICES$166,714 · incl $47,720 fees
TIMBERLAND GROUP SERVICES$34,878
ACCRETIVE ENROLLMENT SERVICES$17,571

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381393235 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.