Plan Ledger DOL Form 5500 · updated monthly

Sheet Metal Workers Local No. 71 Industry Welfare Trust Fundbenefits

Sheet Metal Workers Local No. 71 Industry Welfare Trust Fund · BUFFALO, NY · plan year 2024

Broker compensation reported · 2024
$28,265

Sheet Metal Workers Local No. 71 Industry Welfare Trust Fund's benefits plans covered 316 active participants in 2024, providing health · life · dental · short-term disability. Insurance brokers and agents were paid $28,265 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $89 per covered person, below the median for employer plans that report broker pay. Broker pay rose 7.0% from $26,405 in 2023.

Insurance contracts · 20243
UNIVERA HEALTHCARE · health drug dentalpremiums n/a · 2 covered
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY · life stdpremiums n/a · 311 covered
THE UNION LABOR LIFE INSURANCE COMPANY · stop-losspremiums n/a · 299 covered
Brokers & agents paid · 20242
THE SEGAL COMPANY (EASTERN STATES)$24,621 · incl $4,790 fees
JOHN BLASCH$3,644
Also brokered by Segal5
Schott Corporation NY$1,712,458
Alkermes Inc. MA$308,463

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 160864434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.