Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of I.B. of T. Welfare Fund - 945benefits

Local 945 Ib of T Welfare Fund · WAYNE, NJ · plan year 2024

Broker compensation reported · 2024
$50,394

Board of Trustees of I.B. of T. Welfare Fund - 945's benefits plans covered 2,130 active participants in 2024, providing health · life · dental · vision. Insurance brokers and agents were paid $50,394 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $24 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 26% from $39,934 in 2023.

Insurance contracts · 20243
AETNA LIFE INSURANCE CO. · dentalpremiums n/a · 3,087 covered
THE UNION LABOR LIFE INSURANCE COMPANY · stop-losspremiums n/a · 2,075 covered
MADISON NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 2,102 covered
Brokers & agents paid · 20242
CONTEMPORARY STRATEGIC SOLUTIONS$44,214
NORTH AMERICAN BENEFITS COMPANY$6,180
Also brokered by Contemporary Strategic Solutions5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221644608 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.