Local No. 731 I B of T Health and Welfare Fundbenefits

Local No. 731 I B of T Health and Welfare Fund's benefits plans covered 3,821 active participants in 2024, providing health · dental · vision · short-term disability · death benefits. Insurance premiums totaled $54,470,501. Insurance brokers and agents were paid $44,779 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.1% of premiums. That is $12 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 10% from $40,695 in 2023.