Springfield, Illinois employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
31 employers in Springfield, Illinois filed health plans with 100 or more participants for plan year 2024, covering 24,365 participants. They reported $51M in insurance premiums and $3.6M in broker commissions and fees. Against 2023, premiums were up 10.2% and broker pay fell 8.5%.
Funding: 7 fully insured · 11 self-funded · 13 mixed. 24 of 31 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Springfield
Springfield employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Illinois Bankers Association | $20,258,739 | $58,266 | 1,727 | Clemens & Assoc Life Agency LTD |
| Board of Trustees of Operating Engineers Local 965 Health Benefit Plan | $9,693,626 | — | 978 | — |
| Levi, Ray & Shoup, Inc. | $9,552,345 | $73,735 | 1,071 | R.W. Garrett Agency, Inc. |
| Refreshment Services, Inc. | $3,852,479 | $29,096 | 324 | Cottingham and Butler Insurance Ser |
| Bank of Springfield | $3,083,122 | $78,329 | 300 | Bank of Springfield |
| Roland Machinery Company | $2,552,565 | $90,989 | 201 | Bpa Troxell Benefit |
| United Contractors Midwest, Inc. | $2,237,786 | $24,454 | 145 | First Mid Insurance Group Inc. |
| Bunn-O-Matic Corporation | $129,123 | $80,254 | 1,109 | Lockton |
| Memorial Health System | $0 | $905,159 | 6,977 | Gallagher |
| Springfield Clinic, LLP | $0 | $664,671 | 3,275 | Summit Group of Virginia |
| Horace Mann Service Corporation | $0 | $260,751 | 1,807 | Mercer |
| Board of Trustees Railroad Maintenance & Industrial Health & Welfare F | $0 | $10,635 | 1,348 | The Union Labor Life Insurance Comp |
| Team Brandt, LLC | $0 | $249,629 | 538 | Joe Michael Brummel |
| Vision for Hope | $0 | $110,565 | 488 | R W Troxell and Company |
| Crawford Murphy & Tilly Inc | $0 | $81,194 | 433 | Marsh McLennan Agency |
| American Federation of Teachers, Afl-Cio | $0 | $208,341 | 424 | HUB International |
| Hanson Professional Services Inc. | $0 | $981 | 402 | Bpa Troxell Benefits, LLC |
| Board of Trustees of Sheet Metal Workers Local 218 HLTH & Welf Fund | $0 | — | 351 | — |
| Illinois Education Association | $0 | $21,304 | 326 | — |
| Inb National Association | $0 | $27,514 | 275 | Snyder and Snyder Agency, Inc. |
| Kerber, Eck & Braeckel LLP | $0 | $53,910 | 260 | Clemens & Associates Life Agency |
| Midwest Ent Alliance, PLLC | $0 | $26,927 | 223 | Cottingham & Butler Insurance |
| Richardson Manufacturing Company Benefit | $0 | $47,968 | 214 | American Central Insurance Services |
| Solomon Colors, Inc. | $0 | $9,680 | 192 | OneDigital |
| American Central Financial Group | $0 | $62,653 | 157 | Stan Travelstead |
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 Springfield employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Gallagher | $608,096 | 5 |
| Summit Group of Virginia | $439,054 | 1 |
| Lockton | $302,183 | 2 |
| Bcinsourcing, LLC | $286,147 | 1 |
| Mercer | $260,751 | 1 |
| Alera Group, Inc. | $225,437 | 1 |
| HUB International | $208,341 | 1 |
| Joe Michael Brummel | $178,655 | 1 |
| Bpa Troxell Benefits | $139,294 | 5 |
| R W Troxell & Company | $121,918 | 3 |
Largest medical carriers
Medical premium written for these employers.
Springfield 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.
| Springfield | Illinois | United States | |
|---|---|---|---|
| Employer plans | 31 | 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 | $62,653 | $85,899 | $72,628 |
| Medical premium per covered person | n/a | $6,708 | $7,274 |
| Plans reporting no commission | 1 | 30 | 933 |
Year over year. In plan year 2023, 32 Springfield employers reported $47M in premiums and $4.0M in broker pay for 24,962 participants; in 2024 it was $51M and $3.6M for 24,365 participants (premiums +10.2%, broker pay −8.5%).
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 Springfield employers pay health insurance brokers?
31 Springfield employers reported $3,628,836 in broker commissions and fees on their 2024 Form 5500 filings, 29 of them disclosing at least some compensation. Too few fully insured medical plans in Springfield 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 Springfield employer that disclosed broker pay reported $62,653.
Which Springfield employers have the largest health plans?
By insurance premium reported for 2024, Illinois Bankers Association ($20M), Board of Trustees of Operating Engineers Local 965 Health Benefit Plan ($9.7M), Levi, Ray & Shoup, Inc. ($9.6M) lead. 25 Springfield employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Springfield?
By compensation reported by Springfield employers, the largest brokers are Gallagher ($608,096, 5 plans), Summit Group of Virginia ($439,054, 1 plans), Lockton ($302,183, 2 plans). By medical premium, the largest carriers are Bluecross Blueshield of Illinois, Blue Cross Blue Shield, Health Care Service Corporation.
Are Springfield employer health plans self-funded or fully insured?
Of 31 Springfield employer plans, 7 are fully insured, 11 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
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