International Brotherhood of Electrical Workers Local 56benefits

International Brotherhood of Electrical Workers Local 56's benefits plan covered 216 active participants in 2024, providing health · vision · short-term disability. Insurance premiums totaled $43,811. Insurance brokers and agents were paid $24,108 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 55.0% of premiums. That is $112 per covered person, below the median for employer plans that report broker pay.