Local No. 863 Welfare Planbenefits
Local No. 863 Welfare Plan · MOUNTAINSIDE, NJ · plan year 2024
Broker compensation reported · 2024
$105,199
Local No. 863 Welfare Plan's benefits plans covered 3,130 active participants in 2024, providing health · life · dental · vision. Insurance brokers and agents were paid $105,199 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $34 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 1.9% from $107,212 in 2023.
Insurance contracts · 20242
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 3,123 covered
THE UNION LABOR LIFE INSURANCE COMPANY · stop-losspremiums n/a · 2,982 covered
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221478216 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.