Teamsters Local Union No. 727 Health and Welfare Fundbenefits
Teamsters Local Union No. 727 Health and Welfare P · PARK RIDGE, IL · plan year 2024
Broker compensation reported · 2024
$168,193
Teamsters Local Union No. 727 Health and Welfare Fund's benefits plans covered 4,613 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $168,193 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $36 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 49% from $331,123 in 2023.
Insurance contracts · 20243
METROPOLITAN LIFE INSURANCE COMPANY · visionpremiums n/a · 8,875 covered
DEARBORN LIFE INSURANCE COMPANY · lifepremiums n/a · 3,968 covered
GERBER LIFE INSURANCE COMPANY · stop-losspremiums n/a · 3,628 covered
Brokers & agents paid · 20242
ELITE ADMINISTRATION & INS GROUP$157,520 · incl $9,750 fees
BSP GROUP BENEFITS INC.$10,673
Also brokered by Elite Administration & Ins Group1
Trustees of 786 Ibt Material Welfare Fund IL$163,377
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 366069119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.