Local Union 94 Ibewbenefits
Local 94, Ibew Health and Welfare Fund · EAST WINDSOR, NJ · plan year 2024
Broker compensation reported · 2024
$32,906
Local Union 94 Ibew's benefits plans covered 700 active participants in 2024, providing health · life · dental · vision. Insurance brokers and agents were paid $32,906 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $47 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 1.4% from $33,365 in 2023.
Insurance contracts · 20243
HORIZON HEALTHCARE SERVICES, INC. · stop-losspremiums n/a · 699 covered
USABLE LIFE · lifepremiums n/a · 669 covered
HORIZON INSURANCE COMPANY · visionpremiums n/a · 697 covered
Brokers & agents paid · 20242
LAKESHORE BENEFIT GROUP INSURANCE$26,332
HORIZON INSURANCE COMPANY$6,574 · incl $6,574 fees
Also brokered by Lakeshore Benefit Group Insurance3
Ibew Local 456 Health & Welfare Fund NJ$47,126
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 226699169 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.