Greenwich, Connecticut employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
31 employers in Greenwich, Connecticut filed health plans with 100 or more participants for plan year 2024, covering 41,609 participants. They reported $9.1M in insurance premiums and $5.3M in broker commissions and fees. Against 2023, premiums were up 670.8% and broker pay rose 35.2%.
Funding: 9 fully insured · 10 self-funded · 12 mixed. 22 of 31 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Greenwich
Greenwich employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Verition Fund Management LLC | $6,592,399 | $510,733 | 326 | Marc Shapiro |
| Gxo Enterprise Services, LLC | $1,265,269 | $874,248 | 20,832 | Mercer |
| Apollo Global Management | $481,813 | $433,132 | 1,873 | NFP |
| Greenwich Country Day School | $310,132 | $110,519 | 286 | Willis Towers Watson |
| Greenwich Hospital | $203,804 | $44,952 | 1,379 | Saul R Locker |
| Enstall US, Inc. | $161,914 | $179,609 | 252 | Lovitt and Touche, Inc. |
| Family Centers Inc. | $78,348 | $26,436 | 179 | OneDigital |
| WR Berkley Corporation | $24,393 | $385,078 | 6,030 | American Benefits & Comp |
| Brynwood Partners Management, LLC | $0 | $297,840 | 2,161 | Marsh McLennan Agency |
| Ibg LLC | $0 | $99,835 | 1,254 | Gallagher |
| BH Shoe Holdings, Inc | $0 | $60,932 | 855 | USI Insurance Services |
| Tiptree Inc. | $0 | $42,198 | 765 | USI Insurance Services |
| Greenwich Aerogroup, Inc. | $0 | $241,756 | 681 | Cross Benefit Solutions |
| Richman Property Services Inc. | $0 | $338,614 | 675 | Fma Employee Benefit Consultants |
| XFL Properties LLC | $0 | $135,709 | 564 | Fairly Consulting Group LLC |
| Aqr Capital Management LLC | $0 | $8,607 | 420 | C M Smith Agency, LLC |
| Starwood Headquarters, LLC | $0 | $200,026 | 381 | Lockton |
| Abilis Inc. | $0 | $124,647 | 357 | HP Planning LLC |
| Silver Point Capital, L.P. | $0 | $190,427 | 325 | NFP |
| Brunswick School, Inc. | $0 | $16,420 | 260 | NFP |
| Moda, LLC | $0 | — | 236 | — |
| Catterton Management Company, L.L.C. | $0 | $239,091 | 224 | Brown & Brown |
| Cavalry Portfolio Services, LLC | $0 | $34,428 | 219 | Charles Goodman Consulting LTD |
| Greenwich Academy, Inc. | $0 | $41,429 | 182 | Willis Towers Watson |
| Strategic Value Partners, LLC | $0 | $41,297 | 146 | Fieldstone Insurance Group, LLC |
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 Greenwich employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Mercer | $618,271 | 1 |
| Marsh McLennan Agency | $456,846 | 3 |
| NFP | $414,430 | 4 |
| American Benefits Consulting LLC | $383,614 | 1 |
| Donald C Savoy Inc | $288,626 | 3 |
| Alliant Insurance Services | $277,482 | 2 |
| Marc Shapiro | $257,365 | 1 |
| Bswift | $255,977 | 1 |
| Cross Benefit Solutions | $241,704 | 1 |
| Brown & Brown | $214,724 | 1 |
Largest medical carriers
Medical premium written for these employers.
Greenwich against Connecticut 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.
| Greenwich | Connecticut | United States | |
|---|---|---|---|
| Employer plans | 31 | 722 | 58,547 |
| Median commission rate | n/a | 6.0% | 3.8% |
| Middle half of rates | n/a | 4.1% – 6.9% | 2.7% – 5.0% |
| Median broker pay per employer | $117,583 | $74,008 | $72,628 |
| Medical premium per covered person | n/a | $8,147 | $7,274 |
| Plans reporting no commission | 0 | 8 | 933 |
Year over year. In plan year 2023, 29 Greenwich employers reported $1.2M in premiums and $3.9M in broker pay for 19,678 participants; in 2024 it was $9.1M and $5.3M for 41,609 participants (premiums +670.8%, broker pay +35.2%).
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 Greenwich employers pay health insurance brokers?
31 Greenwich employers reported $5,302,461 in broker commissions and fees on their 2024 Form 5500 filings, 30 of them disclosing at least some compensation. Too few fully insured medical plans in Greenwich reported premium to compute a stable commission rate; the Connecticut median is 6.0% and the U.S. median is 3.8%. In dollars, the median Greenwich employer that disclosed broker pay reported $117,583.
Which Greenwich employers have the largest health plans?
By insurance premium reported for 2024, Verition Fund Management LLC ($6.6M), Gxo Enterprise Services, LLC ($1.3M), Apollo Global Management ($481,813) lead. 25 Greenwich employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Greenwich?
By compensation reported by Greenwich employers, the largest brokers are Mercer ($618,271, 1 plans), Marsh McLennan Agency ($456,846, 3 plans), NFP ($414,430, 4 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Unitedhealthcare Insurance Company, Hawaii Medical Service Association.
Are Greenwich employer health plans self-funded or fully insured?
Of 31 Greenwich employer plans, 9 are fully insured, 10 are self-funded and 12 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 Connecticut
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