Board of Trustees Sheet Metal Workers Local No. 292 Health Fundbenefits

Board of Trustees Sheet Metal Workers Local No. 292 Health Fund's benefits plans covered 494 active participants in 2024, providing health · life · short-term disability · other. Insurance premiums totaled $7,199,252. Insurance brokers and agents were paid $172,725 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.4% of premiums. That is $350 per covered person, above the median for employer plans that report broker pay. Broker pay rose 13% from $152,436 in 2023.