Board of Trustees IUOE Local 98 Health & Welfare Fund
Updated Filing received by DOL
Board of Trustees IUOE Local 98 Health & Welfare Fund, a construction employer in Southwick, Massachusetts, reported 796 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $14M in insurance premiums across 2 contracts and no broker compensation, 0.0% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on June 24, 2026, before the deadline.
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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Massachusetts, Inc.health, dental, prescription drug | 1,642 | $14M | — | — |
| The Lincoln National Life Insurance Companylife | 694 | — | — | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Board of Trustees IUOE Local 98 Health & Welfare Fund 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.
Premium per covered person on medical contracts: $8,738 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 795 | 796 | +0.1% |
| Premiums filed | $13,657,891 | $14,348,548 | +5.1% |
| Broker commissions + fees | $0 | $0 | — |
| Commission rate | 0.0% | 0.0% | +0.0 pts |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
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 |
|---|---|---|---|---|
| International Union of Operating Engineers Local 98 Health and Welfare Fund#501 · insurance, trust | December 31, 2025 | June 24, 2026 | before deadline | 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 IUOE Local 98 Health & Welfare Fund pay in health insurance broker commissions in 2025?
Board of Trustees IUOE Local 98 Health & Welfare Fund's 2025 Form 5500 reports no broker commissions or fees on Schedule A. Self-funded plans often pay consultants directly, which the public filing does not always capture.
Is Board of Trustees IUOE Local 98 Health & Welfare Fund's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Blue Cross Blue Shield of Massachusetts, Inc..
How does Board of Trustees IUOE Local 98 Health & Welfare Fund's broker compensation compare with similar employers?
Board of Trustees IUOE Local 98 Health & Welfare Fund paid 0.0% of medical premium in commissions and fees. The median for employers with 500-999 participants is 2.7%, and the median in Massachusetts is 2.5%. Percentages are computed only on fully insured medical contracts with filed premiums.
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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.