Joint Board of Trustees Plumbers & Pipefitters 85 Health & Welfarebenefits
U.A. Local Union 85 Health & Welfare Fund · TROY, MI · plan year 2024
Joint Board of Trustees Plumbers & Pipefitters 85 Health & Welfare's benefits plans covered 718 active participants in 2024, providing health · life · short-term disability · other. Insurance premiums totaled $1,001,352. Insurance brokers and agents were paid $90,216 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.0% of premiums. That is $126 per covered person, below the median for employer plans that report broker pay. Brokers were paid 7.1x the $12,688 reported for 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381525304 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.