Plan Ledger DOL Form 5500 · updated monthly

Union Independiente de Empleados Telefonicosbenefits

Uiet Welfare Plan · SAN JUAN, PR · plan year 2024

Broker compensation reported · 2024
$441,825

Union Independiente de Empleados Telefonicos's benefits plans covered 654 active participants in 2024, providing health · life · dental · vision · other. Insurance premiums totaled $3,304,305. Insurance brokers and agents were paid $441,825 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.4% of premiums. That is $676 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.0x the $145,172 reported for 2023.

Insurance contracts · 20241
FIRST MEDICAL HEALTH PLAN INC · health drug dental vision life ppo$3.3M · 654 covered
Brokers & agents paid · 20242
FIRST MEDICAL HEALTH PLAN INC$310,604 · incl $310,604 fees
MYRIAD BENEFITS INC$131,221
Also brokered by First Medical Health Plan Inc3
Driven, PSC PR$58,077

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 660318135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.