Plan Ledger DOL Form 5500 · updated monthly

Mid-Jersey Trucking Industry and Teamsters Local 701 Welfare Fundbenefits

Mid-Jersey Trucking Industry and Teamsters Local 701 Welfare Fund · NORTH BRUNSWICK, NJ · plan year 2024

Broker compensation reported · 2024
$26,414

Mid-Jersey Trucking Industry and Teamsters Local 701 Welfare Fund's benefits plans covered 195 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $26,414 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $135 per covered person, below the median for employer plans that report broker pay. Broker pay rose 21% from $21,793 in 2023.

Insurance contracts · 20242
BCS INSURANCE COMPANY · stop-losspremiums n/a · 195 covered
HARTFORD LIFE & ACCIDENT · lifepremiums n/a · 127 covered
Brokers & agents paid · 20243
R C LAIN INC.$21,065
USI INSURANCE SERVICES LLC$1,015 · incl $1,015 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221594458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.