Plan Ledger DOL Form 5500 · updated monthly

Local 1158 Welfare Plan Fundbenefits

Local 1158 Welfare Plan Fund · CLIFTON, NJ · plan year 2024

Broker compensation reported · 2024
$1,400

Local 1158 Welfare Plan Fund's benefits plans covered 3,901 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance brokers and agents were paid $1,400 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $0 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.

Insurance contracts · 20242
SUN LIFE FINANCIAL · lifepremiums n/a · 10 covered
PRINCIPAL LIFE INSURANCE · lifepremiums n/a · 10 covered
Brokers & agents paid · 20244
SABATO FINANCIAL, LLC$696
RSC INSURANCE BROKERAGE INC$260 · incl $25 fees
DONALD C SAVOY INC$140 · incl $140 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 227051778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.