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

Watchtower Benefits, LLC

Chicago, IL

Watchtower Benefits, LLC collected $3.6M in commissions and fees from 965 employer health plans in plan year 2024 filings, ranking #139 among 12,126 brokers named in the public record. Most of its named clients are in Florida.

Commissions + fees
$3.6M
$1.6M commissions · $2.0M fees
Employer plans
965
1,546 contracts
Rank
#139
top 1% 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
King Risk Partners, LLC · Florida$145,236233
Oneida Nation · Wisconsin$96,0282,133
Neogenomics Laboratories, Inc. · Florida$57,1161,967
Olam Americas Inc · California$48,8042,004
Central Processing Corporation · Florida$48,0171,224
Boise Cascade Company · Idaho$45,2125,217
Lowe Enterprises, Inc. · California$38,2903,220
City Electric Supply Company · Texas$35,2973,426
Jones Companies, LLC · Mississippi$31,796930
Versiti Inc. · Wisconsin$29,5993,082
Kci Holdings, Inc. · Maryland$29,0952,051
BSC Administration, LLC · Texas$25,968507
Mill Creek Residential Trust LLC · Texas$25,9191,073
Comprehensive Breast Care Center of Texas, Inc. · Texas$24,5401,266
The Kinetic Group, Inc. · Minnesota$24,3635,355
PCF Acquisition Company · Texas$23,810916
Universal Property & Casualty · Florida$23,5171,039
Prime Controls, LP · Texas$22,603705
Commonwealth Care of Roanoke, Inc. · Virginia$22,2791,964
Midcontinent Independent System Operator, Inc. · Indiana$21,2391,070
Medpace, Inc · Ohio$21,0493,078
Martin Resource Management Corporation · Texas$20,7671,251
Cornwell Capital, LLC · North Carolina$19,964231
Worldwide Equipment Enterprises, Inc. and Subsidiaries · Kentucky$19,292956
3cloud, LLC · Illinois$19,043660

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.

125 plans
101 plans
80 plans
63 plans
63 plans
56 plans
46 plans
46 plans

How much does Watchtower Benefits, LLC earn from employer health plans?

In plan year 2024 filings, employers reported paying Watchtower Benefits, LLC $3,624,148: $1,648,490 in commissions and $1,975,658 in fees, across 1,546 insurance contracts at 965 employers. That ranks #139 of 12,126 brokers in the public record.

What commission rate is paid on plans Watchtower Benefits, LLC brokers?

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

Which employers use Watchtower Benefits, LLC?

The largest reported payers in 2024 were King Risk Partners, LLC, Oneida Nation, Neogenomics Laboratories, Inc.. Florida is its biggest state by employer count (125 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.

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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.