Plan Ledger DOL Form 5500 · updated monthly

Trustees Misc Drivers & Helpers #638 Health, Welfare, Eye & Dental Plabenefits

Misc Drivers and Helpers Local #638 Health, Welfare, Eye and Dental Fund · BLOOMINGTON, MN · plan year 2024

Broker compensation reported · 2024
$37,501

Trustees Misc Drivers & Helpers #638 Health, Welfare, Eye & Dental Pla's benefits plans covered 2,982 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $384,878. Insurance brokers and agents were paid $37,501 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.7% of premiums. That is $13 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 14% from $43,660 in 2023.

Insurance contracts · 20242
STANDARD INSURANCE COMPANY · life$284K · 3,088 covered
STANDARD INSURANCE COMPANY · ltd$100K · 2,714 covered
Brokers & agents paid · 20241
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 416023675 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.