Teachers Insurance and Annuity Association of Americabenefits
TIAA Health & Welfare Benefits Plan · NEW YORK, NY · plan year 2024
Teachers Insurance and Annuity Association of America's benefits plans covered 11,378 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,301,995. Insurance brokers and agents were paid $217,059 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.4% of premiums. That is $19 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 14.5x the $15,000 reported for 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 131624203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.