Trustees of 786 Ibt Material Welfare Fundbenefits
Building Material Chauffeurs, Teamsters & Helpers Welfare Fund of Chicago · CHICAGO, IL · plan year 2024
Broker compensation reported · 2024
$163,377
Trustees of 786 Ibt Material Welfare Fund's benefits plans covered 1,545 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $163,377 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $106 per covered person, below the median for employer plans that report broker pay. Broker pay was essentially unchanged from 2023.
Insurance contracts · 20242
STANDARD INSURANCE COMPANY · lifepremiums n/a · 1,448 covered
GERBER LIFE INSURANCE COMPANY · stop-losspremiums n/a · 1,549 covered
Brokers & agents paid · 20241
ELITE ADMINISTRATION & INS GROUP$163,377
Also brokered by Elite Administration & Ins Group1
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 366057110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.