Trustees of Teamsters Local No. 301benefits

Trustees of Teamsters Local No. 301's benefits plans covered 805 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $12,776,918. Insurance brokers and agents were paid $2,972 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.0% of premiums. That is $4 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 7.3x the $405 reported for 2023.