Board of Trustees of the Neca-Ibew Welfare Trust Fundbenefits

Board of Trustees of the Neca-Ibew Welfare Trust Fund's benefits plans covered 12,682 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $495,850 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $39 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 11.6x the $42,734 reported for 2023.