Board of Trustees of Industry & Local 338 Welfare Fundbenefits
Industry & Local 338 Welfare Fund · SPARKS, MD · plan year 2024
Broker compensation reported · 2024
$14,047
Board of Trustees of Industry & Local 338 Welfare Fund's benefits plans covered 117 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $14,047 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $120 per covered person, below the median for employer plans that report broker pay. Broker pay fell 18% from $17,049 in 2023.
Insurance contracts · 20243
AMALGAMATED LIFE INSURANCE COMPANY · stdpremiums n/a · 129 covered
AMALGAMATED LIFE INSURANCE COMPANY · lifepremiums n/a · 129 covered
HCC LIFE INSURANCE COMPANY · stop-losspremiums n/a · 129 covered
Brokers & agents paid · 20241
THE SEGAL COMPANY$14,047
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 131818220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.