BenefitsLedger
Benefits broker · Plan year 2024 · Form 5500 Schedule A

Savoy Associates

Berkeley Heights, NJ

Savoy Associates collected $1.5M in commissions and fees from 46 employer health plans in plan year 2024 filings, ranking #311 among 12,126 brokers named in the public record. Most of its named clients are in New Jersey.

Commissions + fees
$1.5M
$1.1M commissions · $421,404 fees
Employer plans
46
107 contracts
Rank
#311
top 3% of 12,126 brokers
Median rate
n/a
fewer than 10 insured medical plans

Largest clients

Employers whose filings reported the most compensation to this broker.

EmployerPaid to brokerParticipants
Vhsnj at Home, LLC · New Jersey$138,578108
Smolin, Lupin & Co., LLC · New Jersey$106,179116
Dynamic Engineering Consultants, PC · New Jersey$88,768320
Manasquan Bank · New Jersey$87,112235
Subcom, LLC · New Jersey$80,7441,483
Coyne Public Relations · New Jersey$72,315169
Takara Belmont USA, Inc. · New Jersey$69,274115
Garfield Park Academy · New Jersey$66,241114
Monmouth Cardiology Associates, LLC · New Jersey$64,456163
Micro Strategies, Inc. · New Jersey$59,443106
Savoy Associates · New Jersey$54,057134
Technology Dynamics, Inc. · New Jersey$51,553166
Verition Fund Management LLC · Connecticut$49,711326
The Phoenix Center, Inc. · New Jersey$48,605174
KNF Neuberger, Inc. · New Jersey$48,117115
Scitec, Inc. · New Jersey$43,206301
Richman Property Services Inc. · Connecticut$40,166675
G & F Graphic Services, Inc. dba Inserts East · New Jersey$38,345159
Nekoosa Coated Products, LLC · New Jersey$32,901232
Appvion, LLC · Wisconsin$32,901315
Mental Health Association of Essex and Morris, Inc. · New Jersey$29,418175
Iwm Acquisition Corp. dba Ideal Window · New Jersey$26,742181
Maritime Industry Welfare Benefit Trust · Arizona$23,293694
BCD Health Partners, LLC · New Jersey$22,682150
Lotito Foods, LLC · New Jersey$20,798115

Source: DOL Form 5500 Schedule A Part I, plan year 2024, grouped by broker name as filed. Dataset built October 24, 2026.

Where its clients are

Employer plans naming this broker, by employer state.

29 plans
7 plans
1 plans
1 plans
1 plans
1 plans

How much does Savoy Associates earn from employer health plans?

In plan year 2024 filings, employers reported paying Savoy Associates $1,521,642: $1,100,238 in commissions and $421,404 in fees, across 107 insurance contracts at 46 employers. That ranks #311 of 12,126 brokers in the public record.

What commission rate is paid on plans Savoy Associates brokers?

Not enough fully insured medical plans name Savoy Associates as the sole broker to compute a stable rate. The national median is 3.8% of premium.

Which employers use Savoy Associates?

The largest reported payers in 2024 were Vhsnj at Home, LLC, Smolin, Lupin & Co., LLC, Dynamic Engineering Consultants, PC. New Jersey is its biggest state by employer count (29 plans).

Amounts are what employers reported on their own filings. They do not include compensation from carriers that is not tied to a specific contract, and names are grouped exactly as filed, so related entities can appear separately. How this record is built.

Is this your company's plan? Get a written review of the filing.
A WellthCare benefits specialist reads your Form 5500 the way a fiduciary reviewer would and writes up what to take to your broker before renewal. Free, from the public record only.