International Union of Operating Engineers Welfare Fund of East. PA &benefits

International Union of Operating Engineers Welfare Fund of East. PA &'s benefits plans covered 3,493 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $621,722. Insurance brokers and agents were paid $506,068 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 81.4% of premiums. That is $145 per covered person, below the median for employer plans that report broker pay. Brokers were paid 7.5x the $67,641 reported for 2023.