Int'l Brotherhood of Elect. Workers 400 Welfare Fundbenefits
Local Union 400 Ibew Welfare Plan · WEST TRENTON, NJ · plan year 2024
Broker compensation reported · 2024
$34,755
Int'l Brotherhood of Elect. Workers 400 Welfare Fund's benefits plans covered 499 active participants in 2024, providing health · life · dental · vision. Insurance brokers and agents were paid $34,755 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $70 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 8.2% from $37,877 in 2023.
Insurance contracts · 20245
EMPOWER ANNUITY INSURANCE COMPANYpremiums n/a · 798 covered
EMPOWER ANNUITY INSURANCE COMPANYpremiums n/a · 798 covered
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 795 covered
AMALGAMATED LIFE INSURANCE COMPANY · stop-losspremiums n/a · 592 covered
DENTAL SERVICES ORGANIZATION, LLC · dentalpremiums n/a · 403 covered
Brokers & agents paid · 20241
LAKESHORE BENEFIT GROUP INSURANCE$34,755
Also brokered by Lakeshore Benefit Group Insurance3
Ibew Local 456 Health & Welfare Fund NJ$47,126
Local Union 94 Ibew NJ$26,332
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222236617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.