Board of Trustees Local 282benefits

Board of Trustees Local 282's benefits plans covered 2,657 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance premiums totaled $456,131. Insurance brokers and agents were paid $204,386 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 44.8% of premiums. That is $77 per covered person, below the median for employer plans that report broker pay. Broker pay fell 1.3% from $207,165 in 2023.