Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Iron Workers Local No. 25benefits

Iron Workers' Health Fund of Eastern Michigan · TROY, MI · plan year 2024

Broker compensation reported · 2024
$107,757

Board of Trustees, Iron Workers Local No. 25's benefits plans covered 2,120 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance brokers and agents were paid $107,757 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $51 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 19% from $132,947 in 2023.

Insurance contracts · 20248
BLUE CARE NETWORK OF MICHIGAN · health drugpremiums n/a · 5 covered
BLUE CARE NETWORK OF MICHIGAN · health drug hmopremiums n/a · 128 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drugpremiums n/a · 223 covered
HERITAGE VISION PLANS INC · visionpremiums n/a · 145 covered
KANSAS CITY LIFE INSURANCE COMPANY · life stdpremiums n/a · 70 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 1,955 covered
DENCAP DENTAL PLANS, INC · dentalpremiums n/a · 166 covered
QBE INSURANCE · stop-losspremiums n/a · 2,082 covered
Brokers & agents paid · 20243
BENESYS INC$34,948 · incl $34,948 fees
DARRIS FRANK GAROUFALIS$27,072
MACQUEEN & ASSOCIATES LLC$45,737 · incl $9,757 fees
Also brokered by Benesys Inc5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 386216995 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.