Elgin, Illinois employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
32 employers in Elgin, Illinois filed health plans with 100 or more participants for plan year 2024, covering 16,405 participants. They reported $9,925 in insurance premiums and $3.6M in broker commissions and fees. Against 2023, premiums were down 61.4% and broker pay rose 24.0%.
Funding: 12 fully insured · 7 self-funded · 13 mixed. 20 of 32 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Elgin
Elgin employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Ucal Systems, Inc. | $9,925 | $67,900 | 133 | AssuredPartners |
| The Middleby Corporation | $0 | $575,031 | 5,405 | The Plexus Groupe, LLC |
| Trustees of Fox Valley Laborers Health and Welfare Fund | $0 | — | 2,075 | — |
| John B. Sanfilippo & Son, Inc. | $0 | $280,219 | 1,751 | Lockton |
| Lending Solutions, Inc. | $0 | $55,547 | 1,455 | Gallagher |
| MKD Electric, LLC | $0 | $449,268 | 472 | Marsh McLennan Agency |
| Labor Network, Inc. | $0 | — | 438 | — |
| Duke's Root Control, Inc. | $0 | $133,346 | 393 | Willis Towers Watson |
| Fox Valley Fire & Safety Company | $0 | $207,266 | 297 | The Horton Group Inc |
| Impact Environmental Group Inc | $0 | $87,029 | 283 | RSC Insurance Brokerage Inc. |
| Sac Wireless, LLC | $0 | $17,076 | 274 | Marsh McLennan Agency |
| Box Acquisitions LLC | $0 | $97,733 | 270 | Alliant Insurance Services |
| Encore Repair Services, LLC | $0 | $90,455 | 232 | Alliant Insurance Services |
| Corporate America Family Credit Union | $0 | $131,318 | 227 | Lockton |
| McGrath Enterprises, Inc. | $0 | $148,693 | 215 | Valley Companies, Inc. |
| Welch Bros., Inc. | $0 | $197,042 | 200 | A.M. Insurance Group, Inc. |
| Flender Corporation | $0 | $15,067 | 181 | Mercer |
| Harting Inc of North America | $0 | $134,584 | 175 | Gallagher |
| Chemtech Plastics, Inc. | $0 | $69,326 | 166 | Acrisure |
| Elgin Industries, Inc. | $0 | $54,004 | 165 | AssuredPartners |
| Surewerx USA Inc | $0 | $124,625 | 159 | GCG Financial LLC |
| Judson University, a Baptist Institution | $0 | $53,490 | 159 | AssuredPartners |
| Medmix US Holding, Inc. | $0 | $47,427 | 157 | Lockton |
| Melitta Professional Coffee Solutions USA, Inc. | $0 | $156,820 | 148 | AssuredPartners |
| Mazak Optonics Corporation | $0 | $38,241 | 131 | USI Insurance Services |
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 Elgin employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| The Plexus Groupe LLC | $575,030 | 1 |
| Lockton | $420,942 | 3 |
| Marsh McLennan Agency | $344,145 | 3 |
| AssuredPartners | $313,232 | 4 |
| The Horton Group Inc. | $277,236 | 2 |
| A.M. Insurance Group, Inc. | $192,813 | 1 |
| Alliant Insurance Services | $183,938 | 2 |
| Gallagher | $179,229 | 2 |
| Willis Towers Watson | $133,346 | 1 |
| Valley Companies Inc | $122,194 | 1 |
Largest medical carriers
Medical premium written for these employers.
Elgin against Illinois 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.
| Elgin | Illinois | United States | |
|---|---|---|---|
| Employer plans | 32 | 2,831 | 58,547 |
| Median commission rate | n/a | 1.5% | 3.8% |
| Middle half of rates | n/a | 0.4% – 3.1% | 2.7% – 5.0% |
| Median broker pay per employer | $75,813 | $85,899 | $72,628 |
| Medical premium per covered person | n/a | $6,708 | $7,274 |
| Plans reporting no commission | 0 | 30 | 933 |
Year over year. In plan year 2023, 32 Elgin employers reported $25,731 in premiums and $2.9M in broker pay for 14,855 participants; in 2024 it was $9,925 and $3.6M for 16,405 participants (premiums −61.4%, broker pay +24.0%).
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 Elgin employers pay health insurance brokers?
32 Elgin employers reported $3,566,893 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 Elgin reported premium to compute a stable commission rate; the Illinois median is 1.5% and the U.S. median is 3.8%. In dollars, the median Elgin employer that disclosed broker pay reported $75,813.
Which Elgin employers have the largest health plans?
By insurance premium reported for 2024, Ucal Systems, Inc. ($9,925), The Middleby Corporation ($0), Trustees of Fox Valley Laborers Health and Welfare Fund ($0) lead. 25 Elgin employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Elgin?
By compensation reported by Elgin employers, the largest brokers are The Plexus Groupe LLC ($575,030, 1 plans), Lockton ($420,942, 3 plans), Marsh McLennan Agency ($344,145, 3 plans). By medical premium, the largest carriers are Pan-American Life Insurance Company, Cigna Health and Life Insurance Company, Armada Care.
Are Elgin employer health plans self-funded or fully insured?
Of 32 Elgin employer plans, 12 are fully insured, 7 are self-funded and 13 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 Illinois
Is your company on this page? Get its Form 5500 read next to the Elgin, Illinois medians.
Tell us the company and a specialist writes up what the public Form 5500 record shows for it, if it files one: broker pay against the medians above, fee disclosure and filing timeliness, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.