Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey
Updated Filing received by DOL
Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey, a construction employer in Newark, New Jersey, reported 9,796 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 5 insurance contracts with no premium reported and $303,467 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from The Union Labor Life Insurance Company). The Department of Labor received the filing on January 12, 2026, within the extension window.
Who was paid on Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| The Segal Co Eastern States Inc · New York, NY | $125,114 | $0 | $125,114 | 3 |
| The Union Labor Life Insurance Comp · Silver Spring, MD | $0 | $89,794 | $89,794 | 1 |
| Reuben Warner Associates, Inc. · Staten Island, NY | $0 | $78,779 | $78,779 | 1 |
| Ullico Investment Company, LLC · Silver Spring, MD | $9,653 | $0 | $9,653 | 1 |
| USI Insurance Services · New York, NY | $0 | $127 | $127 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Hartford Fire Insurance Companycoverage not coded | — | — | $127 | — |
| Metropolitan Life Insurance Companylife | 7,105 | — | — | — |
| Empower Annuity Insurance Companycoverage not coded | 10,102 | — | — | — |
| The Union Labor Life Insurance Companystop-loss | 7,866 | — | $224,561 | — |
| Zurich American Insurance Companycoverage not coded | — | — | $78,779 | — |
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 9,597 | 9,796 | +2.1% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $130,347 | $303,467 | +132.8% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Heavy & General Laborers' Local 472 & Local 172 of Nj- Welfare Fund#501 · insurance, trust | March 31, 2025 | January 12, 2026 | within extension | 9,796 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey pay in health insurance broker commissions in 2024?
Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey's 2024 Form 5500 reports $303,467 in broker commissions and fees across 5 insurance contracts ($134,767 in commissions, $168,700 in fees), with The Segal Co Eastern States Inc receiving the largest share.
Is Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from The Union Labor Life Insurance Company).
How does Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Board of Trustees, Heavy & General Laborers Welfare Fund of New Jersey because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.