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
SEGAL (NEW YORK)$36,147
Also brokered by Segal5
Schott Corporation NY$1,712,458
Trustees of Pipe Fitters Welfare Fund IL$411,404
Schlumberger Technology Corporation TX$379,131
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.