Golden Valley, Minnesota employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
15 employers in Golden Valley, Minnesota filed health plans with 100 or more participants for plan year 2024, covering 9,895 participants. They reported $1.5M in insurance premiums and $1.2M in broker commissions and fees. Against 2023, premiums were up 208.0% and broker pay fell 3.2%.
Funding: 0 fully insured · 5 self-funded · 10 mixed. 15 of 15 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Golden Valley
Golden Valley employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Inspire Medical Systems, Inc. | $1,058,985 | $359,506 | 966 | Marsh McLennan Agency |
| Guardian Hospice MN, LLC | $208,447 | $138,007 | 398 | HUB International |
| American Phoenix, Inc. | $150,897 | $47,261 | 284 | Marsh McLennan Agency |
| Gurstel Law Firm P.C. | $98,593 | $21,284 | 147 | The Horton Group Inc. |
| Pentair, Inc. | $0 | $67,454 | 5,419 | Aon |
| Ascentek Services, LLC | $0 | $42,114 | 741 | Hays Companies |
| Meridian Services, Inc. | $0 | $59,431 | 455 | Christensen Group |
| Bigos Management, Inc. | $0 | $14,586 | 320 | Marsh McLennan Agency |
| Solution Design Group, Inc. | $0 | $129,123 | 211 | USI Insurance Services |
| Inergex, LLC dba Crossfuze | $0 | $55,027 | 204 | Lockton |
| Aperture Pet & Life | $0 | $52,937 | 181 | Aon |
| Animal Humane Society | $0 | $50,310 | 174 | Marsh McLennan Agency |
| Lupient Enterprises | $0 | — | 151 | — |
| Minnesota United FC | $0 | $59,479 | 137 | The Health Insurance Network Broker |
| Success Computer Consulting, Inc. | $0 | $69,764 | 107 | RSC Insurance Brokerage 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 Golden Valley employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $470,531 | 4 |
| USI Insurance Services | $133,774 | 2 |
| Aon | $116,694 | 2 |
| HUB International | $79,420 | 1 |
| RSC Insurance Brokerage, Inc. | $57,653 | 1 |
| The Health Insurance Network Broker | $57,639 | 1 |
| Lockton | $54,988 | 1 |
| Christensen Group Inc | $53,232 | 1 |
| Howard B Labow | $49,937 | 1 |
| Hays Companies | $21,442 | 1 |
Largest medical carriers
Medical premium written for these employers.
Golden Valley against Minnesota 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.
| Golden Valley | Minnesota | United States | |
|---|---|---|---|
| Employer plans | 15 | 1,318 | 58,547 |
| Median commission rate | n/a | 5.0% | 3.8% |
| Middle half of rates | n/a | 3.6% – 5.9% | 2.7% – 5.0% |
| Median broker pay per employer | $57,229 | $58,196 | $72,628 |
| Medical premium per covered person | n/a | n/a | $7,274 |
| Plans reporting no commission | 0 | 3 | 933 |
Year over year. In plan year 2023, 16 Golden Valley employers reported $492,482 in premiums and $1.2M in broker pay for 10,321 participants; in 2024 it was $1.5M and $1.2M for 9,895 participants (premiums +208.0%, broker pay −3.2%).
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 Golden Valley employers pay health insurance brokers?
15 Golden Valley employers reported $1,166,283 in broker commissions and fees on their 2024 Form 5500 filings, 14 of them disclosing at least some compensation. Too few fully insured medical plans in Golden Valley reported premium to compute a stable commission rate; the Minnesota median is 5.0% and the U.S. median is 3.8%. In dollars, the median Golden Valley employer that disclosed broker pay reported $57,229.
Which Golden Valley employers have the largest health plans?
By insurance premium reported for 2024, Inspire Medical Systems, Inc. ($1.1M), Guardian Hospice MN, LLC ($208,447), American Phoenix, Inc. ($150,897) lead. 15 Golden Valley employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Golden Valley?
By compensation reported by Golden Valley employers, the largest brokers are Marsh McLennan Agency ($470,531, 4 plans), USI Insurance Services ($133,774, 2 plans), Aon ($116,694, 2 plans). By medical premium, the largest carriers are Blue Cross and Blue Shield of Minnesota and Blue Plus, Blue Cross and Blue Shield of Minnesota, Colonial Life & Accident Insurance Company.
Are Golden Valley employer health plans self-funded or fully insured?
Of 15 Golden Valley employer plans, 0 are fully insured, 5 are self-funded and 10 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 Minnesota
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