Ibew Local 1260 Insurance Trustbenefits

Ibew Local 1260 Insurance Trust's benefits plans covered 2,566 active participants in 2024, providing life · death benefits. Insurance premiums totaled $125,311. Insurance brokers and agents were paid $5,018 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.0% of premiums. That is $2 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.