Teamsters Health Service & Insurance Plan of Local 404benefits
Teamsters Health Services & Insurance Plan Local 404 · SPRINGFIELD, MA · plan year 2024
Broker compensation reported · 2024
$726
Teamsters Health Service & Insurance Plan of Local 404's benefits plans covered 586 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance brokers and agents were paid $726 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 57% from $1,688 in 2023.
Insurance contracts · 20241
STANDARD INSURANCE COMPANY · lifepremiums n/a · 586 covered
Brokers & agents paid · 20241
MPL LLC$726
Also brokered by Mpl LLC5
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042589472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.