Union Academybenefits
Union Academy Health and Welfare Benefits Plan · MONROE, NC · plan year 2024
Union Academy's benefits plans covered 237 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $126,838. Insurance brokers and agents were paid $50,586 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 39.9% of premiums. That is $213 per covered person, above the median for employer plans that report broker pay. Broker pay rose 136% from $21,475 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 562172412 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.