Board of Trustees Sheet Metal Workers Local Union No 1 Welfare Trust Fbenefits

Board of Trustees Sheet Metal Workers Local Union No 1 Welfare Trust F's benefits plans covered 419 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $7,229,265. Insurance brokers and agents were paid $8,841 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.1% of premiums. That is $21 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 33% from $6,636 in 2023.