Teamsters Local Union No. 856 H. & W. Fundbenefits

Teamsters Local Union No. 856 H. & W. Fund's benefits plans covered 4,920 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $2,622,954. Insurance brokers and agents were paid $110,632 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.2% of premiums. That is $22 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 46% from $206,432 in 2023.