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
SEGAL (NEW YORK)$47,013
Also brokered by Segal5
Schott Corporation NY$1,712,458
Trustees of Pipe Fitters Welfare Fund IL$411,404
Schlumberger Technology Corporation TX$379,131
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.