Board of Trustees, New Jersey Bldg Statewide Welfare Fdbenefits

Board of Trustees, New Jersey Bldg Statewide Welfare Fd's benefits plans covered 1,749 active participants in 2024, providing health · life · dental · vision · death benefits · other. Insurance premiums totaled $529,714. Insurance brokers and agents were paid $148,701 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 28.1% of premiums. That is $85 per covered person, below the median for employer plans that report broker pay. Broker pay rose 4.2% from $142,723 in 2023.