Quincy, Illinois employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
17 employers in Quincy, Illinois filed health plans with 100 or more participants for plan year 2024, covering 10,242 participants. They reported $39M in insurance premiums and $2.1M in broker commissions and fees. Against 2023, premiums were up 2.6% and broker pay rose 16.1%.
Funding: 3 fully insured · 11 self-funded · 3 mixed. 14 of 17 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Quincy
Quincy employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Knapheide Manufacturing Co | $25,638,223 | $494,984 | 2,335 | Lockton |
| Niemann Foods Inc | $8,164,858 | $221,660 | 1,469 | Cottingham & Butler Ins Services |
| N. Kohl Grocer Co. | $4,994,579 | $56,324 | 342 | R W Garrett Agency Inc |
| Blessing Corporate Services, Inc. | $343,768 | $488,023 | 3,010 | Marsh McLennan Agency |
| First Bankers Trustshares Inc. | $85,799 | $11,796 | 156 | John Ernst |
| Hollister Whitney Elevator Co. LLC | $0 | $311,494 | 629 | C M Smith Agency LLC |
| Peters Heating & Air Conditioning | $0 | $69,855 | 383 | Centerstone Insurance & Financial S |
| Quincy Recylce Paper Inc | $0 | $54,842 | 291 | Cottingham and Butler Insurance |
| Richard McNay, Inc. | $0 | $16,309 | 279 | Midwest Insurance Solutions Inc |
| Shippers Rental Company Employee Benefit Plan | $0 | $56,228 | 275 | Eric Kiser Insurance Services LLC |
| Quincy Farm Supply Co. | $0 | $33,572 | 204 | Keystone Ins & Benefits Group |
| Chaddock, Inc. | $0 | $210,662 | 198 | Allied |
| Quincy Medical Group | $0 | — | 196 | — |
| Gully Transportation Inc. | $0 | $96,616 | 165 | AssuredPartners |
| Transitions of Western Illinois | $0 | — | 110 | — |
| Rack Builders, Inc. | $0 | — | 100 | — |
| Rack Builders, Inc. | $0 | — | 100 | — |
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 Quincy employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $434,030 | 1 |
| Lockton | $423,822 | 2 |
| C M Smith Agency LLC | $259,500 | 1 |
| Cottingham & Butler Ins Services | $218,894 | 1 |
| Allied Insurance LLC | $120,932 | 1 |
| AssuredPartners | $74,470 | 1 |
| Eric Kiser Insurance Services LLC | $56,228 | 1 |
| Cottingham & Butler | $54,842 | 1 |
| Gallagher | $53,674 | 2 |
| HP Planning LLC | $51,994 | 1 |
Largest medical carriers
Medical premium written for these employers.
Quincy 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.
| Quincy | Illinois | United States | |
|---|---|---|---|
| Employer plans | 17 | 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 | $69,855 | $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, 16 Quincy employers reported $38M in premiums and $1.8M in broker pay for 9,713 participants; in 2024 it was $39M and $2.1M for 10,242 participants (premiums +2.6%, broker pay +16.1%).
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 Quincy employers pay health insurance brokers?
17 Quincy employers reported $2,122,365 in broker commissions and fees on their 2024 Form 5500 filings, 13 of them disclosing at least some compensation. Too few fully insured medical plans in Quincy 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 Quincy employer that disclosed broker pay reported $69,855.
Which Quincy employers have the largest health plans?
By insurance premium reported for 2024, Knapheide Manufacturing Co ($26M), Niemann Foods Inc ($8.2M), N. Kohl Grocer Co. ($5.0M) lead. 17 Quincy employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Quincy?
By compensation reported by Quincy employers, the largest brokers are Marsh McLennan Agency ($434,030, 1 plans), Lockton ($423,822, 2 plans), C M Smith Agency LLC ($259,500, 1 plans). By medical premium, the largest carriers are Bluecross Blueshield of Illinois, Unitedhealthcare Insurance Company, Metropolitan Life Insurance Company.
Are Quincy employer health plans self-funded or fully insured?
Of 17 Quincy employer plans, 3 are fully insured, 11 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 Illinois
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