Schaumburg, Illinois employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
69 employers in Schaumburg, Illinois filed health plans with 100 or more participants for plan year 2024, covering 44,533 participants. They reported $22M in insurance premiums and $6.7M in broker commissions and fees. Against 2023, premiums were up 71.5% and broker pay rose 5.3%.
Funding: 15 fully insured · 15 self-funded · 39 mixed. 54 of 69 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Schaumburg
Schaumburg employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Board of Trustees of Illinois State Painters Welfare Fund | $9,039,590 | $2,494 | 838 | The Union Labor Life Insurance Comp |
| Board of Trustees Sheet Metal Workers Local Union No 1 Welfare Trust F | $7,229,265 | $8,841 | 433 | The Segal Company |
| Concept Schools NFP | $3,239,069 | $96,741 | 413 | HUB International |
| Network Merchants, LLC | $2,260,921 | $185,519 | 271 | USI Insurance Services |
| Gonnella Baking Co. | $248,220 | $34,835 | 416 | Gallagher |
| Visionary Schools | $75,160 | $78,876 | 1,218 | HUB International |
| Zurich American Insurance Company | $0 | $428,433 | 9,361 | Willis Towers Watson |
| Paylocity Corporation | $0 | $463,022 | 5,660 | Mercer |
| The Boler Company | $0 | $101,105 | 4,534 | Willis Towers Watson |
| Perdoceo Education Corporation | $0 | $183,531 | 2,220 | Alliant Insurance Services |
| Trustees of Iron Workers' Tri-State Welfare Plan | $0 | $13,104 | 1,301 | The Segal Co. (eastern States) Inc. |
| Inx International Ink Co. | $0 | $6,370 | 1,171 | USI Insurance Services |
| Wheels, LLC | $0 | $106,311 | 1,161 | Champion Benefits |
| Board of Trustees Health and Welfare Trust Local No. 743 | $0 | — | 935 | — |
| Familia Development LLC | $0 | $10,851 | 699 | Financial Service Managers, Inc. |
| Seko Worldwide, LLC | $0 | $230,949 | 698 | Marsh McLennan Agency |
| Trustees, Fox Valley & Vicinity Construction Workers Welfare Fund | $0 | $17,484 | 669 | The Segal Company |
| Synergy55 LLC and Affiliates | $0 | $134,333 | 648 | Mercer |
| Triumph Higher Education Group, LLC | $0 | $210,284 | 606 | The Plexus Groupe LLC |
| Avma Life Trust LLC | $0 | $230,721 | 534 | HUB International |
| Fortis Fire & Safety Inc. | $0 | $209,673 | 522 | Marsh McLennan Agency |
| Ascent Industries Co. | $0 | $123,447 | 505 | Lockton |
| Sunstar Americas, Inc. | $0 | $4,268 | 486 | Aon |
| U.S. Waterproofing & Construction Company | $0 | $47,368 | 453 | HUB International |
| Novaspect Holdings, Inc. | $0 | $144,820 | 440 | Global Benefits, Inc. |
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 Schaumburg employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Willis Towers Watson | $928,704 | 5 |
| Marsh McLennan Agency | $804,958 | 11 |
| HUB International | $794,222 | 7 |
| Mercer | $597,355 | 2 |
| USI Insurance Services | $383,381 | 6 |
| Alliant Insurance Services | $331,819 | 5 |
| Stumm Insurance LLC | $269,774 | 1 |
| Lockton | $260,308 | 3 |
| Acrisure | $255,812 | 2 |
| OneDigital | $247,374 | 5 |
Largest medical carriers
Medical premium written for these employers.
Schaumburg 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.
| Schaumburg | Illinois | United States | |
|---|---|---|---|
| Employer plans | 69 | 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 | $88,650 | $85,899 | $72,628 |
| Medical premium per covered person | n/a | $6,708 | $7,274 |
| Plans reporting no commission | 2 | 30 | 933 |
Year over year. In plan year 2023, 66 Schaumburg employers reported $13M in premiums and $6.4M in broker pay for 45,756 participants; in 2024 it was $22M and $6.7M for 44,533 participants (premiums +71.5%, broker pay +5.3%).
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 Schaumburg employers pay health insurance brokers?
69 Schaumburg employers reported $6,747,782 in broker commissions and fees on their 2024 Form 5500 filings, 67 of them disclosing at least some compensation. Too few fully insured medical plans in Schaumburg 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 Schaumburg employer that disclosed broker pay reported $88,650.
Which Schaumburg employers have the largest health plans?
By insurance premium reported for 2024, Board of Trustees of Illinois State Painters Welfare Fund ($9.0M), Board of Trustees Sheet Metal Workers Local Union No 1 Welfare Trust F ($7.2M), Concept Schools NFP ($3.2M) lead. 25 Schaumburg employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Schaumburg?
By compensation reported by Schaumburg employers, the largest brokers are Willis Towers Watson ($928,704, 5 plans), Marsh McLennan Agency ($804,958, 11 plans), HUB International ($794,222, 7 plans). By medical premium, the largest carriers are Blue Cross Blue Sheild, Health Care Service Corporation, Bluecross Blueshield of Illinois.
Are Schaumburg employer health plans self-funded or fully insured?
Of 69 Schaumburg employer plans, 15 are fully insured, 15 are self-funded and 39 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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