Board of Trustees - Iron Workers Welfare Fundbenefits

Board of Trustees - Iron Workers Welfare Fund's benefits plans covered 729 active participants in 2024, providing health · life · dental · short-term disability. Insurance premiums totaled $4,606,855. Insurance brokers and agents were paid $24,669 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.5% of premiums. That is $34 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 13% from $21,743 in 2023.