Troy, Michigan employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
140 employers in Troy, Michigan filed health plans with 100 or more participants for plan year 2024, covering 164,108 participants. They reported $284M in insurance premiums and $19M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 4.0% of premium, against 3.2% across Michigan and 3.8% nationally. Against 2023, premiums were up 103.5% and broker pay rose 9.2%.
Funding: 28 fully insured · 42 self-funded · 70 mixed. 112 of 140 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Troy
Troy 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 In/Ky/Oh RGNL Council of Carpenters Welfare Fund | $126,052,002 | — | 15,706 | — |
| Trion Solutions, Inc | $12,551,720 | $955,732 | 5,555 | Marsh McLennan Agency |
| Joint Board of Trustees Roofers Union Local 30 | $10,627,590 | $2,170 | 644 | Wade Financial Inc. |
| Kostal of America, Inc. | $9,814,953 | $221,743 | 484 | Rebecca a McLaughlan |
| Continental Cafe, Inc. | $7,361,932 | $131,366 | 517 | David Norris |
| Board of Trustees Sheet Metal Workers Local No. 292 Health Fund | $7,199,252 | $172,725 | 764 | Kimberly Ann Wixson |
| Redwood MSO LLC | $5,984,532 | $153,294 | 1,013 | Gary M Miklosovic |
| Class Valuation, LLC | $5,956,728 | $270,786 | 546 | Rebecca a McLaughlan |
| Attitude Wellness LLC | $5,603,461 | $343,370 | 671 | Suzanne Miller |
| Convergix Automation Solutions | $5,497,163 | $177,405 | 861 | Matthew Kovnesky |
| Tec Group, Inc. | $4,696,035 | $215,529 | 411 | Daniel H Ryan |
| Eissmann Automotive, Inc. | $3,834,047 | $70,959 | 416 | Goodman Venegas Ins Agency |
| DM Intermediate Parent LLC | $3,666,158 | $251,378 | 531 | John Thomas Frye JR |
| Superior Electric Great Lakes Company | $2,613,399 | $167,891 | 162 | Kapnick and Company Inc |
| Recar, Inc. | $2,608,135 | $191,738 | 100 | Jeffrey Laflamme |
| Sheet Metal Workers Local No. 80 Insurance Trust Fund | $2,555,818 | $97,325 | 2,115 | Michael G Buck |
| Penske Vehicle Services Inc. | $2,546,444 | $105,231 | 513 | Robert E. Petcove |
| U.S. Medical Management, LLC | $2,494,635 | $353,997 | 840 | Gallagher |
| Alliance Mobile | $2,456,306 | $61,329 | 819 | Mark Grisanti |
| America's Community Council | $2,395,693 | $75,757 | 111 | Johnson P. Acho |
| Ricardo Defense, Inc. | $2,221,979 | $151,045 | 222 | Rebecca a McLaughlan |
| HMS Products Co./Hms MFG. Co. | $2,170,532 | $122,633 | 341 | Rebecca a McLaughlan |
| Pomeroy Living Management, LLC | $2,142,775 | $121,070 | 347 | Scott Settle |
| Optech, L.L.C. | $1,897,278 | $113,685 | 258 | Rebecca a McLaughlan |
| The Kresge Foundation | $1,888,051 | $100,206 | 139 | Bethany L. Pagnani |
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 Troy employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Gallagher | $3,617,895 | 21 |
| Marsh McLennan Agency | $1,989,914 | 17 |
| Benesys Inc | $759,953 | 10 |
| Rebecca a McLaughlan | $665,920 | 8 |
| Aetna Life Insurance Company | $533,573 | 1 |
| United of Omaha Life Insurance Co | $464,167 | 1 |
| Kelly & Associates Insurance Group | $456,972 | 2 |
| Macqueen & Associates LLC | $439,231 | 9 |
| Hodges-Mace Benefits Group | $392,568 | 1 |
| USI Insurance Services | $354,396 | 8 |
Largest medical carriers
Medical premium written for these employers.
Troy against Michigan 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.
| Troy | Michigan | United States | |
|---|---|---|---|
| Employer plans | 140 | 2,113 | 58,547 |
| Median commission rate | 4.0% (47 plans) | 3.2% | 3.8% |
| Middle half of rates | 3.1% – 4.8% | 3.0% – 4.5% | 2.7% – 5.0% |
| Median broker pay per employer | $83,964 | $68,927 | $72,628 |
| Medical premium per covered person | $5,546 | $5,845 | $7,274 |
| Plans reporting no commission | 1 | 47 | 933 |
Year over year. In plan year 2023, 136 Troy employers reported $139M in premiums and $17M in broker pay for 175,901 participants; in 2024 it was $284M and $19M for 164,108 participants (premiums +103.5%, broker pay +9.2%).
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 Troy employers pay health insurance brokers?
140 Troy employers reported $18,586,875 in broker commissions and fees on their 2024 Form 5500 filings, 130 of them disclosing at least some compensation. Among 47 commission-paying, fully insured medical plans, the median broker rate was 4.0% of premium, 0.8 points above the Michigan median of 3.2% and 0.2 points above the U.S. median of 3.8%. In dollars, the median Troy employer that disclosed broker pay reported $83,964.
Which Troy employers have the largest health plans?
By insurance premium reported for 2024, Board of Trustees In/Ky/Oh RGNL Council of Carpenters Welfare Fund ($126M), Trion Solutions, Inc ($13M), Joint Board of Trustees Roofers Union Local 30 ($11M) lead. 25 Troy employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Troy?
By compensation reported by Troy employers, the largest brokers are Gallagher ($3.6M, 21 plans), Marsh McLennan Agency ($2.0M, 17 plans), Benesys Inc ($759,953, 10 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Michigan, Blue Care Network of Michigan, Independence Blue Cross - Personal Choice.
Are Troy employer health plans self-funded or fully insured?
Of 140 Troy employer plans, 28 are fully insured, 42 are self-funded and 70 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 Michigan
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