Plan Ledger DOL Form 5500 · updated monthly

Sheet Metal Workers,Local 7,ZONE 1 Health & Welfare Fundbenefits

Sheet Metal Workers Local 7,ZONE 1 Health & Welfare Plan · TROY, MI · plan year 2024

Broker compensation reported · 2024
$45,375

Sheet Metal Workers,Local 7,ZONE 1 Health & Welfare Fund's benefits plans covered 674 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $45,375 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $67 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 20% from $37,756 in 2023.

Insurance contracts · 20242
BLUE CROSS BLUE SHIELD OF MICHIGAN · stop-losspremiums n/a · 713 covered
THE UNION LABOR LIFE INSURANCE COMPANY · lifepremiums n/a · 879 covered
Brokers & agents paid · 20242
DARRIS FRANK GAROUFALIX$33,415
BENESYS INC$11,960

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 386099712 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.