Teamsters 261 and Employersbenefits

Teamsters 261 and Employers's benefits plans covered 2,288 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $396,671. Insurance brokers and agents were paid $140,861 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.5% of premiums. That is $62 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 1.8% from $138,375 in 2023.