Plumbers & Pipefitters Local 162 Health & Insurance Fundbenefits

Plumbers & Pipefitters Local 162 Health & Insurance Fund's benefits plans covered 797 active participants in 2024, providing health · life · dental · short-term disability. Insurance premiums totaled $341,108. Insurance brokers and agents were paid $37,205 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.9% of premiums. That is $47 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 37.8x the $984 reported for 2023.