Board of Trustees - Sheet Metal Workers Local 98 Welfare Planbenefits

Board of Trustees - Sheet Metal Workers Local 98 Welfare Plan's benefits plans covered 905 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $1,621,337. Insurance brokers and agents were paid $2,658 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.2% of premiums. That is $3 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 2.9% from $2,584 in 2023.