Plan Ledger DOL Form 5500 · updated monthly

Teamsters Union Local 1224benefits

Teamsters Union Local 1224 Disability Plan · WILMINGTON, OH · plan year 2024

Broker compensation reported · 2024
$71,450

Teamsters Union Local 1224's benefits plans covered 662 active participants in 2024, providing long-term disability. Insurance brokers and agents were paid $71,450 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $108 per covered person, below the median for employer plans that report broker pay. Broker pay fell 19% from $88,679 in 2023.

Insurance contracts · 20241
HARTFORD LIFE AND ACCIDENT · ltdpremiums n/a · 588 covered
Brokers & agents paid · 20242
MERCER HUMAN RESOURCE CONS., INC.$22,360 · incl $22,360 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 311391588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.