Plan Ledger DOL Form 5500 · updated monthly

Trustees of Teamsters Local 408 Pension & Welfare Fundsbenefits

Teamsters Local 408 Welfare Plan · UNION, NJ · plan year 2024

Broker compensation reported · 2024
$36,147

Trustees of Teamsters Local 408 Pension & Welfare Funds's benefits plans covered 161 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $36,147 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $225 per covered person, above the median for employer plans that report broker pay. Broker pay rose 15% from $31,452 in 2023.

Insurance contracts · 20242
AMALGAMATED LIFE INSURANCE COMPANY · stop-losspremiums n/a · 160 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 158 covered
Brokers & agents paid · 20241
Also brokered by Segal5
Schott Corporation NY$1,712,458
Alkermes Inc. MA$308,463

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 226172437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.