Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Heavy & General Laborers Welfare Fund of New Jerseybenefits

Heavy & General Laborers' Local 472 & Local 172 of Nj- Welfare Fund · NEWARK, NJ · plan year 2024

Broker compensation reported · 2024
$303,467

Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey's benefits plans covered 7,130 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance brokers and agents were paid $303,467 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $43 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 133% from $130,347 in 2023.

Insurance contracts · 20245
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 7,105 covered
EMPOWER ANNUITY INSURANCE COMPANYpremiums n/a · 10,102 covered
THE UNION LABOR LIFE INSURANCE COMPANY · stop-losspremiums n/a · 7,866 covered
Brokers & agents paid · 20245
THE UNION LABOR LIFE INSURANCE COMP$89,794 · incl $89,794 fees
REUBEN WARNER ASSOCIATES, INC.$78,779 · incl $78,779 fees
ULLICO INVESTMENT COMPANY, LLC$9,653
USI INSURANCE SERVICES LLC$127 · incl $127 fees
Also brokered by Segal5
Schott Corporation NY$1,712,458
Alkermes Inc. MA$308,463

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221481564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.