Board of Trustees of the Cooperative Welfare Benefits Fundbenefits

Board of Trustees of the Cooperative Welfare Benefits Fund's benefits plans covered 4,946 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $3,593,432. Insurance brokers and agents were paid $719,959 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.0% of premiums. That is $146 per covered person, below the median for employer plans that report broker pay. Broker pay fell 13% from $824,268 in 2023.