Bradenton, Florida employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
22 employers in Bradenton, Florida filed health plans with 100 or more participants for plan year 2024, covering 64,400 participants. They reported $173M in insurance premiums and $2.3M in broker commissions and fees. Against 2023, premiums were up 9.6% and broker pay rose 14.7%.
Funding: 10 fully insured · 9 self-funded · 3 mixed. 12 of 22 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Bradenton
Bradenton employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Coadvantage Resources Inc. | $151,927,043 | $398,201 | 51,204 | Coadvantage Insurance Solutions Cor |
| First Watch Restaurants, Inc. | $11,935,888 | $116,177 | 1,514 | Marsh McLennan Agency |
| Woodruff & Sons, Inc. | $2,324,588 | $131,874 | 154 | Marsh McLennan Agency |
| Coastal Orthopedics and Sports Medicine of Southwest Florida, P.A. | $2,014,217 | $91,630 | 241 | Lockton |
| Hoveround Corporation | $1,212,827 | $56,298 | 106 | The Baldwin Group |
| Bradenton Christian School Society, Inc. | $1,071,234 | $78,503 | 105 | OneDigital |
| American Torch Tip Company | $967,682 | $46,340 | 122 | The Baldwin Group |
| Firkins Acquisitions Inc | $853,749 | $60,417 | 130 | Wallace, Welch & Willingham, Inc. |
| Landmark Services of Southwest FL, LLC | $449,490 | $24,176 | 161 | The Baldwin Group |
| CFS Management, LLC | $422,682 | $118,634 | 966 | USI Insurance Services |
| Beall's Inc. & Subsidiaries | $0 | $217,773 | 4,380 | Lockton |
| Img Academy Parent, LLC | $0 | $134,461 | 1,589 | Willis Towers Watson |
| Goodwill Industries - Manasota, Inc. | $0 | $106,046 | 793 | Marsh McLennan Agency |
| MCR Health | $0 | $47,611 | 665 | USI Insurance Services |
| Service Minds, LLC. | $0 | $288,671 | 633 | Marsh McLennan Agency |
| Gettel Automotive, Inc. | $0 | $165,479 | 481 | Wallace Welch & Willingham, Inc. |
| Workforce Business Services, Inc. | $0 | $12,848 | 369 | Marsh McLennan Agency |
| Campus Works, Inc. | $0 | $55,075 | 243 | Insurance Office of America |
| Superior Asphalt | $0 | $17,321 | 205 | Thomas Financial Group, Inc., |
| NDC Asset Management, LLC | $0 | $56,475 | 136 | Henderson Brothers, Inc. |
| Ten-8 Fire & Safety, LLC | $0 | $3,702 | 103 | Gehring Group |
| Pacemate, LLC | $0 | $29,793 | 100 | Wisterm, 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 Bradenton employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $509,948 | 5 |
| Coadvantage Insurance Solutions Cor | $398,201 | 1 |
| Lockton | $268,850 | 2 |
| USI Insurance Services | $148,231 | 2 |
| Wallace Welch & Willingham, Inc. | $143,544 | 2 |
| The Baldwin Group | $127,613 | 4 |
| Foundation Risk Partners Corp | $124,849 | 1 |
| Willis Towers Watson | $123,729 | 1 |
| OneDigital | $73,638 | 1 |
| WWW Insurance, LLC | $57,573 | 2 |
Largest medical carriers
Medical premium written for these employers.
Bradenton against Florida 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.
| Bradenton | Florida | United States | |
|---|---|---|---|
| Employer plans | 22 | 3,039 | 58,547 |
| Median commission rate | n/a | 4.6% | 3.8% |
| Middle half of rates | n/a | 3.7% – 5.2% | 2.7% – 5.0% |
| Median broker pay per employer | $69,460 | $83,531 | $72,628 |
| Medical premium per covered person | n/a | $9,849 | $7,274 |
| Plans reporting no commission | 0 | 39 | 933 |
Year over year. In plan year 2023, 22 Bradenton employers reported $158M in premiums and $2.0M in broker pay for 57,626 participants; in 2024 it was $173M and $2.3M for 64,400 participants (premiums +9.6%, broker pay +14.7%).
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 Bradenton employers pay health insurance brokers?
22 Bradenton employers reported $2,257,505 in broker commissions and fees on their 2024 Form 5500 filings, 22 of them disclosing at least some compensation. Too few fully insured medical plans in Bradenton reported premium to compute a stable commission rate; the Florida median is 4.6% and the U.S. median is 3.8%. In dollars, the median Bradenton employer that disclosed broker pay reported $69,460.
Which Bradenton employers have the largest health plans?
By insurance premium reported for 2024, Coadvantage Resources Inc. ($152M), First Watch Restaurants, Inc. ($12M), Woodruff & Sons, Inc. ($2.3M) lead. 22 Bradenton employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Bradenton?
By compensation reported by Bradenton employers, the largest brokers are Marsh McLennan Agency ($509,948, 5 plans), Coadvantage Insurance Solutions Cor ($398,201, 1 plans), Lockton ($268,850, 2 plans). By medical premium, the largest carriers are Blue Cross and Blue Shield of Alabama, Blue Cross Blue Shield of Florida, Health Options.
Are Bradenton employer health plans self-funded or fully insured?
Of 22 Bradenton employer plans, 10 are fully insured, 9 are self-funded and 3 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 Florida
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