Plan Ledger DOL Form 5500 · updated monthly

Joint Board of Trustees Plumbers & Pipefitters 85 Health & Welfarebenefits

U.A. Local Union 85 Health & Welfare Fund · TROY, MI · plan year 2024

Broker compensation reported · 2024
$90,216

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.

Insurance contracts · 20243
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug$1.0M · 391 covered
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 1,301 covered
HM LIFE INSURANCE COMPANY · stop-losspremiums n/a · 768 covered
Brokers & agents paid · 20243
SCOTT SETTLE$42,533
MACQUEEN AND ASSOCIATES LLC$22,732 · incl $75 fees
Also brokered by Scott Settle5
Ifl Group, Inc. MI$66,578

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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.