Braintree, Massachusetts employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
21 employers in Braintree, Massachusetts filed health plans with 100 or more participants for plan year 2024, covering 9,574 participants. They reported $19M in insurance premiums and $1.9M in broker commissions and fees. Against 2023, premiums were up 11.4% and broker pay fell 10.5%.
Funding: 1 fully insured · 11 self-funded · 9 mixed. 20 of 21 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Braintree
Braintree employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Engagesmart, Inc. | $11,022,457 | $326,637 | 1,019 | Marsh McLennan Agency |
| Senior Living Residence, LLC | $4,070,280 | $164,829 | 1,246 | Gallagher |
| Symmons Industries, Inc. | $3,581,870 | $109,373 | 224 | RSC Ins Bkge dba Stratagies Co. |
| South Shore Elder Services, Inc. | $149,423 | $69,093 | 151 | OneDigital |
| Mib Group Holdings, Inc. | $135,318 | $37,855 | 127 | Marsh McLennan Agency |
| Ultra Electronics, Inc. | $0 | $134,192 | 1,555 | Lockton |
| Daniel J. Quirk, Inc. | $0 | $43,163 | 754 | Cronin Gervino & Warlick, Inc. |
| Richelieu Foods, Inc. | $0 | $90,025 | 601 | Marsh McLennan Agency |
| Hub Pen Company, LLC | $0 | $175,758 | 576 | Alliant Insurance Services |
| Bay State Physical Therapy of Randolph, Inc. | $0 | $31,527 | 568 | OneDigital |
| Peabody Properties, Inc. | $0 | $129,746 | 466 | Gordon A. Pulsifer |
| Massachusetts Employers/Seiu Local 888 Trust Fund | $0 | $51,336 | 461 | OneDigital |
| Corcoran Management Co., Inc. | $0 | $86,436 | 345 | Jennifer A. Borislow Ins Agency Inc |
| South Shore Mental Health, Inc. | $0 | $17,263 | 341 | The Baldwin Group |
| Trustees of Thayer Academy | $0 | $142,057 | 196 | Hilb Group of New England |
| The Norfolk Companies, Inc. | $0 | $11,541 | 196 | Amr Benefits Management, LLC |
| Banecare Management LLC | $0 | $167,831 | 176 | Various Agents-Please See Attached |
| Superior Bindery, Inc. | $0 | $9,727 | 161 | Indigo Insurance Services |
| Federal Management Co., Inc. | $0 | $51,331 | 150 | Comprehensive Insurance Providers |
| Hair Club for Men of Boston, LTD | $0 | $14,194 | 147 | Gallagher |
| Oofos, Inc. | $0 | $76,277 | 114 | Risk Strategies Company (RSC) |
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 Braintree employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $414,477 | 4 |
| Gallagher | $163,343 | 2 |
| Alliant Insurance Services | $161,303 | 1 |
| Various Agents-Please See Attached | $155,696 | 1 |
| Hilb Group of New England | $150,463 | 2 |
| OneDigital | $138,832 | 3 |
| Lockton | $134,192 | 1 |
| Gordon A. Pulsifer | $128,379 | 1 |
| Indigo Insurance Services | $82,372 | 5 |
| Jennifer A. Borislow Ins Agency Inc | $73,502 | 1 |
Largest medical carriers
Medical premium written for these employers.
Braintree 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.
| Braintree | Massachusetts | United States | |
|---|---|---|---|
| Employer plans | 21 | 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 | $76,277 | $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, 20 Braintree employers reported $17M in premiums and $2.2M in broker pay for 10,255 participants; in 2024 it was $19M and $1.9M for 9,574 participants (premiums +11.4%, broker pay −10.5%).
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 Braintree employers pay health insurance brokers?
21 Braintree employers reported $1,940,191 in broker commissions and fees on their 2024 Form 5500 filings, 21 of them disclosing at least some compensation. Too few fully insured medical plans in Braintree 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 Braintree employer that disclosed broker pay reported $76,277.
Which Braintree employers have the largest health plans?
By insurance premium reported for 2024, Engagesmart, Inc. ($11M), Senior Living Residence, LLC ($4.1M), Symmons Industries, Inc. ($3.6M) lead. 21 Braintree employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Braintree?
By compensation reported by Braintree employers, the largest brokers are Marsh McLennan Agency ($414,477, 4 plans), Gallagher ($163,343, 2 plans), Alliant Insurance Services ($161,303, 1 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Aetna Life Insurance Company, Kaiser Foundation Health Plan, Inc..
Are Braintree employer health plans self-funded or fully insured?
Of 21 Braintree employer plans, 1 are fully insured, 11 are self-funded and 9 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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