Andover, Massachusetts employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
26 employers in Andover, Massachusetts filed health plans with 100 or more participants for plan year 2024, covering 18,566 participants. They reported $93M in insurance premiums and $4.9M in broker commissions and fees. Against 2023, premiums were up 31.1% and broker pay fell 8.2%.
Funding: 5 fully insured · 5 self-funded · 16 mixed. 21 of 26 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Andover
Andover employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Mercury Systems, Inc. | $28,311,229 | $286,431 | 2,482 | Custom Benefit Programs Inc |
| Enel North America, Inc. | $23,153,506 | $534,858 | 1,709 | HP Planning LLC |
| Vicor Corporation | $12,582,035 | $403,568 | 992 | Marsh McLennan Agency |
| Transmedics, Inc. | $10,369,016 | $195,274 | 714 | Hilb Group of New England |
| Ora Inc. | $6,943,740 | $383,208 | 324 | The Hilb Group of New England |
| Bill Deluca Chevrolet-Cadillac, Inc | $5,982,095 | $150,915 | 509 | Arista Investors Corp |
| The North East Educational and Developmental Support Center, Inc. | $3,066,522 | $77,396 | 340 | Fred C Church Inc. |
| Aras Corporation | $2,251,366 | $55,341 | 174 | Amr Benefits Management LLC |
| Minuteman Security Technologies, Inc. | $214,939 | $54,318 | 154 | Alliant Insurance Services |
| Foley Holdings, LLC | $133,520 | $93,714 | 266 | HUB International |
| MKS Instruments, Inc. | $97,373 | $377,679 | 2,942 | Mercer |
| Straumann Manufacturing, Inc. | $0 | $304,245 | 1,413 | Hilb Group of New England LLC |
| Agri-Mark, Inc. | $0 | $322,393 | 917 | Gallagher |
| Alku, LLC | $0 | $117,490 | 899 | Marsh McLennan Agency |
| Icp Construction, Inc. | $0 | $50,101 | 764 | Alliant Insurance Services |
| Navisite, LLC | $0 | $109,596 | 704 | NFP |
| Trustees of Phillips Academy | $0 | $57,666 | 594 | Emerson Rogers |
| Zwicker & Associates, P.C. | $0 | $78,013 | 543 | HUB International |
| Melmark New England | $0 | $96,825 | 490 | USI Insurance Services |
| The Andover Companies | $0 | $58,957 | 426 | Gallagher |
| Injured Workers Pharmacy, LLC | $0 | $273,929 | 276 | Blue Benefit Administrators of Mass |
| Black Diamond Networks, Inc. | $0 | $149,609 | 271 | Alliant Insurance Services |
| American Training, Inc | $0 | $72,421 | 265 | USI Insurance Services |
| Revolutionary Clinics Ii, Inc. | $0 | $43,680 | 150 | IMA Financial |
| Brox Industries, Inc. | $0 | $523,556 | 126 | Gallagher |
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 Andover employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Hilb Group of New England | $804,691 | 3 |
| Marsh McLennan Agency | $511,830 | 2 |
| HP Planning LLC | $399,099 | 2 |
| Mercer | $377,679 | 1 |
| Gallagher | $307,942 | 3 |
| Alliant Insurance Services | $244,946 | 3 |
| Custom Benefit Programs Inc | $213,422 | 1 |
| Blue Benefit Administrators of Mass | $185,229 | 1 |
| USI Insurance Services | $179,496 | 3 |
| HUB International | $162,537 | 2 |
Largest medical carriers
Medical premium written for these employers.
Andover against Massachusetts 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.
| Andover | Massachusetts | United States | |
|---|---|---|---|
| Employer plans | 26 | 1,864 | 58,547 |
| Median commission rate | n/a | 2.5% | 3.8% |
| Middle half of rates | n/a | 2.0% – 3.2% | 2.7% – 5.0% |
| Median broker pay per employer | $113,543 | $75,078 | $72,628 |
| Medical premium per covered person | n/a | $8,072 | $7,274 |
| Plans reporting no commission | 0 | 18 | 933 |
Year over year. In plan year 2023, 28 Andover employers reported $71M in premiums and $5.4M in broker pay for 20,044 participants; in 2024 it was $93M and $4.9M for 18,566 participants (premiums +31.1%, broker pay −8.2%).
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 Andover employers pay health insurance brokers?
26 Andover employers reported $4,920,833 in broker commissions and fees on their 2024 Form 5500 filings, 26 of them disclosing at least some compensation. Too few fully insured medical plans in Andover reported premium to compute a stable commission rate; the Massachusetts median is 2.5% and the U.S. median is 3.8%. In dollars, the median Andover employer that disclosed broker pay reported $113,543.
Which Andover employers have the largest health plans?
By insurance premium reported for 2024, Mercury Systems, Inc. ($28M), Enel North America, Inc. ($23M), Vicor Corporation ($13M) lead. 25 Andover employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Andover?
By compensation reported by Andover employers, the largest brokers are Hilb Group of New England ($804,691, 3 plans), Marsh McLennan Agency ($511,830, 2 plans), HP Planning LLC ($399,099, 2 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Aetna Life Insurance Company, Armadacare.
Are Andover employer health plans self-funded or fully insured?
Of 26 Andover employer plans, 5 are fully insured, 5 are self-funded and 16 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 Massachusetts
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