Board of Trustees Iuoe Local 138 Welfare Fundbenefits
International Union of Operating Engin Local 138 Welfare Fund · FARMINGDALE, NY · plan year 2024
Broker compensation reported · 2024
$201,383
Board of Trustees Iuoe Local 138 Welfare Fund's benefits plans covered 1,523 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance brokers and agents were paid $201,383 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $132 per covered person, below the median for employer plans that report broker pay. Broker pay rose 152% from $79,832 in 2023.
Insurance contracts · 20243
THE UNION LABOR LIFE INSURANCE COMPANY · stop-losspremiums n/a · 1,103 covered
AETNA LIFE INSURANCE CO. · ppopremiums n/a · 516 covered
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY · lifepremiums n/a · 1,112 covered
Brokers & agents paid · 20242
BUCKINGHAM INSURANCE$98,184 · incl $81,842 fees
KEEFE CONSULTING CORP$103,199
Also brokered by Buckingham Insurance5
Board of Trustees United Teamster Fund NY$77,528
United Health and Welfare Fund NJ$55,420
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 111628170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.