Board of Trustees of Administrative District Council No. 1 Welfare Funbenefits
Administrative District Council 1 Welfare Fund · ELMHURST, IL · plan year 2024
Broker compensation reported · 2024
$246,050
Board of Trustees of Administrative District Council No. 1 Welfare Fun's benefits plans covered 1,360 active participants in 2024, providing health · life · dental · vision. Insurance brokers and agents were paid $246,050 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $181 per covered person, below the median for employer plans that report broker pay. Brokers were paid 3.2x the $76,713 reported for 2023.
Insurance contracts · 20243
THE UNION LABOR LIFE INSURANCE COMPANY · stop-losspremiums n/a · 1,479 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 1,349 covered
HUMANA INSURANCE COMPANYpremiums n/a · 1,028 covered
Brokers & agents paid · 20243
THE SEGAL COMPANY MIDWEST$180,968
LABOR-FIRST LLC$59,340
THE SEGAL COMPANY$5,742
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 362150067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.