Sheet Metal Workers Local No. 80 Insurance Trust Fundbenefits

Sheet Metal Workers Local No. 80 Insurance Trust Fund's benefits plans covered 1,429 active participants in 2024, providing health · dental · vision · short-term disability · death benefits · other. Insurance premiums totaled $2,555,818. Insurance brokers and agents were paid $97,325 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.8% of premiums. That is $68 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 46% from $181,319 in 2023.