Board of Trustees-Sheet Metal Local 110 Health Fundbenefits

Board of Trustees-Sheet Metal Local 110 Health Fund's benefits plans covered 813 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $394,178. Insurance brokers and agents were paid $310,426 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 78.8% of premiums. That is $382 per covered person, above the median for employer plans that report broker pay. Broker pay rose 23% from $253,313 in 2023.