Studio Mechanics Local 476 Health and Welfare Fundbenefits

Studio Mechanics Local 476 Health and Welfare Fund's benefits plans covered 727 active participants in 2024, providing health · life · short-term disability · long-term disability · other. Insurance premiums totaled $10,460,700. Insurance brokers and agents were paid $85,709 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.8% of premiums. That is $118 per covered person, below the median for employer plans that report broker pay. Broker pay was essentially unchanged from 2023.