Board of Trustees, Pipe Industry Health and Welfarebenefits

Board of Trustees, Pipe Industry Health and Welfare's benefits plans covered 2,787 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance premiums totaled $256,745. Insurance brokers and agents were paid $80,305 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 31.3% of premiums. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 10.0x the $8,014 reported for 2023.