Loc. 351 Ibew Health & Welfare Fundbenefits
Local 351 Ibew Welfare Fund · WEST TRENTON, NJ · plan year 2024
Broker compensation reported · 2024
$71,184
Loc. 351 Ibew Health & Welfare Fund's benefits plans covered 1,698 active participants in 2024, providing health · dental · vision. Insurance brokers and agents were paid $71,184 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $42 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.
Insurance contracts · 20245
EMPOWER ANNUITY INSURANCE COMPANYpremiums n/a
DELTA DENTAL OF NEW JERSEY, INC · dentalpremiums n/a · 2,217 covered
SYMETRA LIFE INSURANCE COMPANY · lifepremiums n/a
AMALGAMATED LIFE INSRUANCE COMPANY · stop-losspremiums n/a · 1,964 covered
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 1,646 covered
Brokers & agents paid · 20241
LAKESHORE BENEFIT GROUP$71,184
Also brokered by Lakeshore Benefit Group4
Ibew Local 269 Welfare Fund NJ$68,075
Plumbers Local Union No 24 Welfare Fund NJ$53,012
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 223235800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.