Board of Trustees Iron Workers
Updated Filing received by DOL
Board of Trustees Iron Workers, a construction employer in Dorchester, Massachusetts, reported 2,148 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $172,124 in insurance premiums across 4 contracts and $19,698 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Union Labor Life Insurance Company). The Department of Labor received the filing on October 15, 2025, within the extension window.
Who was paid on Board of Trustees Iron Workers'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 Iron Workers filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| The Segal Company Eastern States · New York, NY | $10,000 | $0 | $10,000 | 1 |
| Segal · Boston, MA | $9,698 | $0 | $9,698 | 2 |
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 |
|---|---|---|---|---|
| Standard Insurance Companylife | 1,788 | $97,662 | $4,134 | 4.2% |
| Standard Insurance Companylong-term disability | 1,788 | $74,462 | $5,564 | 7.5% |
| Union Labor Life Insurance Companystop-loss | 1,867 | — | $10,000 | — |
| Cigna Health and Life Insurance Companydental | 2,146 | — | — | — |
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 Iron Workers 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 | 2,093 | 2,148 | +2.6% |
| Premiums filed | $124,932 | $172,124 | +37.8% |
| Broker commissions + fees | $18,336 | $19,698 | +7.4% |
| 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 |
|---|---|---|---|---|
| Iron Workers District Council of New England Health and Welfare Fund#501 · insurance, trust | December 31, 2024 | October 15, 2025 | within extension | 2,148 |
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 Iron Workers pay in health insurance broker commissions in 2024?
Board of Trustees Iron Workers's 2024 Form 5500 reports $19,698 in broker commissions and fees across 4 insurance contracts ($19,698 in commissions, $0 in fees), with The Segal Company Eastern States receiving the largest share.
Is Board of Trustees Iron Workers'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 Union Labor Life Insurance Company).
How does Board of Trustees Iron Workers's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Board of Trustees Iron Workers because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 1,000-4,999 participants that disclosed broker pay reported a median of $168,579.
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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.