Conway, Arkansas employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
15 employers in Conway, Arkansas filed health plans with 100 or more participants for plan year 2024, covering 11,875 participants. They reported $9.8M in insurance premiums and $2.5M in broker commissions and fees. Against 2023, premiums were down 11.1% and broker pay rose 3.6%.
Funding: 4 fully insured · 7 self-funded · 4 mixed. 11 of 15 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Conway
Conway employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Tokusen U.S.A., Inc. | $2,328,941 | $35,443 | 308 | Higgenbotham Insurance |
| Acxiom LLC | $1,640,198 | $207,628 | 2,012 | Willis Towers Watson |
| Home Bancshares, Inc. | $1,063,909 | $343,348 | 2,586 | Acrisure |
| Nabholz Construction Corporation | $1,013,679 | $150,965 | 1,432 | Cadence Insurance, Inc. |
| Conway Regional Health System | $994,063 | $386,808 | 1,470 | Explain MY Benefits LLC |
| Reliance Health Care, Inc. | $891,062 | $788,015 | 1,490 | Acrisure |
| DBG Arkansas, LLC | $814,349 | $42,046 | 188 | Simmons First Insurance Service |
| Pediatrics Plus Therapy Services | $387,446 | $122,822 | 452 | Various See Attached SCH a |
| Hendrix College | $181,085 | $34,161 | 330 | Stephens Insurance LLC |
| Incite Rehab, LLC | $173,974 | $69,853 | 197 | Acrisure |
| Student Mobilization, Inc. | $91,828 | $22,351 | 248 | Acrisure |
| Klaasmeyer Construction Company, Inc. | $88,477 | $28,233 | 177 | Acrisure |
| Independent Living Services, Inc. | $69,662 | $51,135 | 155 | Gallagher |
| Community Action Program for Central Arkansas | $19,585 | $13,991 | 103 | Gallagher |
| Acoustic, L.P. | $0 | $215,604 | 727 | Lockton |
Source: DOL Form 5500 Schedule A, plan year 2024; employers are grouped by the sponsor's mailing city as filed. Self-funded employers show only stop-loss and ancillary premium.
Who gets paid
Commissions and fees reported by Conway employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Acrisure | $845,963 | 5 |
| Willis Towers Watson | $206,628 | 1 |
| The Hatcher Agency | $201,682 | 2 |
| Stephens Insurance LLC | $194,123 | 3 |
| Lockton | $184,046 | 1 |
| Explain MY Benefits LLC | $179,138 | 1 |
| Broker Solutions, Inc. | $144,559 | 2 |
| Cadence Insurance Inc | $104,802 | 1 |
| Various See Attached SCH a | $83,419 | 1 |
| Gallagher | $72,814 | 3 |
Largest medical carriers
Medical premium written for these employers.
Conway against Arkansas and the U.S.
Medians over the same definitions on every BenefitsLedger page: commission rate on commission-paying, fully insured medical plans; broker pay per employer that disclosed any; medical premium per covered person.
| Conway | Arkansas | United States | |
|---|---|---|---|
| Employer plans | 15 | 371 | 58,547 |
| Median commission rate | n/a | 3.7% | 3.8% |
| Middle half of rates | n/a | 2.5% – 5.1% | 2.7% – 5.0% |
| Median broker pay per employer | $69,853 | $64,301 | $72,628 |
| Medical premium per covered person | n/a | $5,286 | $7,274 |
| Plans reporting no commission | 1 | 56 | 933 |
Year over year. In plan year 2023, 16 Conway employers reported $11M in premiums and $2.4M in broker pay for 11,359 participants; in 2024 it was $9.8M and $2.5M for 11,875 participants (premiums −11.1%, broker pay +3.6%).
Source: DOL Form 5500 and Schedule A, plan years 2024 and 2023, employer health plans with 100 or more participants; built October 24, 2026. Medians need at least 10 rated plans to be shown for a city. Methodology.
How much do Conway employers pay health insurance brokers?
15 Conway employers reported $2,512,403 in broker commissions and fees on their 2024 Form 5500 filings, 15 of them disclosing at least some compensation. Too few fully insured medical plans in Conway reported premium to compute a stable commission rate; the Arkansas median is 3.7% and the U.S. median is 3.8%. In dollars, the median Conway employer that disclosed broker pay reported $69,853.
Which Conway employers have the largest health plans?
By insurance premium reported for 2024, Tokusen U.S.A., Inc. ($2.3M), Acxiom LLC ($1.6M), Home Bancshares, Inc. ($1.1M) lead. 15 Conway employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Conway?
By compensation reported by Conway employers, the largest brokers are Acrisure ($845,963, 5 plans), Willis Towers Watson ($206,628, 1 plans), The Hatcher Agency ($201,682, 2 plans). By medical premium, the largest carriers are Arkansas Blue Cross and Blue Shield, Cigna Health and Life Insurance Company, Blueadvantage Administrators of Arkansas.
Are Conway employer health plans self-funded or fully insured?
Of 15 Conway employer plans, 4 are fully insured, 7 are self-funded and 4 mix insured and self-funded coverage. Self-funded plans report only stop-loss and ancillary contracts on Schedule A, so their premium and broker pay understate total spend.
Other cities in Arkansas
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