Minneapolis, Minnesota employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
263 employers in Minneapolis, Minnesota filed health plans with 100 or more participants for plan year 2024, covering 661,008 participants. They reported $47M in insurance premiums and $28M in broker commissions and fees. Against 2023, premiums were up 26.5% and broker pay rose 8.8%.
Funding: 38 fully insured · 106 self-funded · 119 mixed. 225 of 263 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Minneapolis
Minneapolis employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Marsh & McLennan Agency, LLC | $24,791,878 | $1,631,585 | 1,327 | Marsh McLennan Agency |
| Wells Fargo & Company | $3,753,239 | — | 185,611 | — |
| Regions Hospital | $3,113,150 | $119,449 | 6,228 | Willis Towers Watson |
| Rise Baking Company, LLC | $1,771,364 | $342,574 | 2,733 | Lockton |
| Faegre Drinker Biddle & Reath | $1,332,552 | $344,856 | 2,142 | Alliant Insurance Services |
| The Barcode Group | $1,242,261 | $81,241 | 186 | Lockton |
| Medtronic | $1,181,585 | $1,682,635 | 46,861 | Mercer |
| Curio Brands, LLC | $1,080,193 | $130,675 | 135 | Alliant Insurance Services |
| Wizard Nuts Inc dba Flagstone Foods | $971,258 | $141,437 | 1,593 | Lockton |
| Emergency Care Consultants PA | $823,688 | $125,903 | 176 | North Risk Partners |
| Emergency Care Consultants PA | $823,688 | $125,903 | 176 | North Risk Partners |
| The Churchill Companies | $631,221 | $145,379 | 1,414 | Hays Companies |
| Sick, Inc. | $533,578 | $145,079 | 880 | NFP |
| Bowman and Brooke LLP | $339,760 | $65,976 | 384 | Willis Towers Watson |
| Merchant and Gould P.C. | $327,987 | $12,605 | 207 | Willis Towers Watson |
| Schwegman, Lundberg & Woessner, P.A. | $327,369 | $180,277 | 155 | OneDigital |
| Kannegiesser Etech, Inc. | $285,443 | $99,657 | 203 | Christensen Group, Inc. |
| Mozarc Medical US, LLC | $249,948 | $230,635 | 267 | Mercer |
| Merjent Inc. | $241,960 | $142,272 | 200 | USI Insurance Services |
| CVRX, Inc. | $234,729 | $259,000 | 184 | Marsh McLennan Agency |
| Productivity Inc | $216,795 | $2,986 | 367 | USI Insurance Services |
| Reading & Math Inc. | $215,855 | $133,891 | 259 | Willis Towers Watson |
| Zelle LLP | $190,939 | $5,674 | 236 | USI Insurance Services |
| Sightline Commercial Solutions LLC | $188,956 | $4,768 | 103 | Ap Benefit Adviosrs LLC |
| Pioneer Industries International, Inc. | $188,391 | $22,626 | 182 | USI Insurance Services |
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 Minneapolis employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $4,588,700 | 38 |
| Willis Towers Watson | $4,521,149 | 26 |
| USI Insurance Services | $3,459,821 | 53 |
| Mercer | $1,685,744 | 9 |
| Brown & Brown | $1,666,496 | 41 |
| Lockton | $1,192,416 | 15 |
| Gallagher | $1,075,643 | 21 |
| NFP | $1,070,411 | 12 |
| Hays Companies | $862,102 | 30 |
| Christensen Group Inc | $761,773 | 11 |
Largest medical carriers
Medical premium written for these employers.
Minneapolis 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.
| Minneapolis | Minnesota | United States | |
|---|---|---|---|
| Employer plans | 263 | 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 | $68,513 | $58,196 | $72,628 |
| Medical premium per covered person | n/a | n/a | $7,274 |
| Plans reporting no commission | 2 | 3 | 933 |
Year over year. In plan year 2023, 263 Minneapolis employers reported $37M in premiums and $26M in broker pay for 470,653 participants; in 2024 it was $47M and $28M for 661,008 participants (premiums +26.5%, broker pay +8.8%).
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 Minneapolis employers pay health insurance brokers?
263 Minneapolis employers reported $27,994,522 in broker commissions and fees on their 2024 Form 5500 filings, 243 of them disclosing at least some compensation. Too few fully insured medical plans in Minneapolis 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 Minneapolis employer that disclosed broker pay reported $68,513.
Which Minneapolis employers have the largest health plans?
By insurance premium reported for 2024, Marsh & McLennan Agency, LLC ($25M), Wells Fargo & Company ($3.8M), Regions Hospital ($3.1M) lead. 25 Minneapolis employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Minneapolis?
By compensation reported by Minneapolis employers, the largest brokers are Marsh McLennan Agency ($4.6M, 38 plans), Willis Towers Watson ($4.5M, 26 plans), USI Insurance Services ($3.5M, 53 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of South Carolina, Independence Blue Cross, Blue Cross Blue Shield of Massachusetts, Inc..
Are Minneapolis employer health plans self-funded or fully insured?
Of 263 Minneapolis employer plans, 38 are fully insured, 106 are self-funded and 119 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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