Board of Trustees of Ibew Local 139 Welfarebenefits

Board of Trustees of Ibew Local 139 Welfare's benefits plans covered 224 active participants in 2024, providing health · life · short-term disability · death benefits. Insurance premiums totaled $315,886. Insurance brokers and agents were paid $47,731 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.1% of premiums. That is $213 per covered person, above the median for employer plans that report broker pay. Broker pay fell 10% from $53,181 in 2023.