The Board of Trustees of Central Laborers' Welfare Fundbenefits
Central Laborers' Welfare Fund · JACKSONVILLE, IL · plan year 2024
The Board of Trustees of Central Laborers' Welfare Fund's benefits plans covered 1,994 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $11,656,955. Insurance brokers and agents were paid $14,095 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.1% of premiums. That is $7 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 1.3% from $14,274 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 376058345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.