Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Local 1298 Welfare Fundbenefits

Laborers Local 1298 of Nassau & Suffolk Counties Welfare Fund · HEMPSTEAD, NY · plan year 2024

Broker compensation reported · 2024
$47,013

Board of Trustees Local 1298 Welfare Fund's benefits plans covered 1,180 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance brokers and agents were paid $47,013 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $40 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 5.8% from $44,417 in 2023.

Insurance contracts · 20242
AMALGAMATED LIFE INSURANCE COMPANY · stop-losspremiums n/a · 1,114 covered
EMPOWER ANNUITY INSURANCE CONTRACTpremiums n/a
Brokers & agents paid · 20241
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 111628171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.