St. Louis Park, Minnesota employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
24 employers in St. Louis Park, Minnesota filed health plans with 100 or more participants for plan year 2024, covering 25,920 participants. They reported $9.9M in insurance premiums and $2.3M in broker commissions and fees. Against 2023, premiums were up 37.6% and broker pay rose 19.3%.
Funding: 1 fully insured · 12 self-funded · 11 mixed. 23 of 24 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in St. Louis Park
St. Louis Park employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Park Nicollet Health Services | $7,700,057 | $521,845 | 10,122 | Willis Towers Watson |
| Cdi Management Corp. | $1,435,667 | $149,913 | 2,400 | Mercer |
| Trachte, LLC | $228,621 | $217,227 | 267 | Lockton |
| Bridgewater Bank | $154,375 | $93,185 | 257 | Marsh McLennan Agency |
| Northland Aluminum Products, Inc. | $122,801 | $8,473 | 181 | USI Insurance Services |
| Bader Management, Inc. | $104,018 | $103,045 | 294 | USI Insurance Services |
| Associated Clinic of Psychology, Inc. | $86,103 | $139,125 | 212 | USI Insurance Services |
| Plus Relocation Services, LLC | $61,187 | $45,808 | 162 | NFP |
| Nvent Management Company | $0 | $123,710 | 3,621 | Aon |
| The Luther Holding Company | $0 | $196,650 | 3,137 | USI Insurance Services |
| Lifespark Group, LLC | $0 | $123,030 | 786 | The Plexus Groupe LLC |
| W.D. Larson Companies LTD Inc. | $0 | $125,805 | 752 | Cottingham & Butler Insurance Servi |
| Loffler Companies, Inc. | $0 | $29,913 | 506 | Brown & Brown |
| LL Ark Holding Company LLC | $0 | — | 501 | — |
| Saint Therese | $0 | $52,627 | 467 | Marsh McLennan Agency |
| Japs-Olson Company | $0 | $24,474 | 460 | Marsh McLennan Agency |
| Two Harbors Investment Corp. | $0 | $60,557 | 401 | Lockton |
| Sholom Community Alliance | $0 | $18,239 | 310 | NFP |
| Horizontal Integration, Inc. | $0 | $139,334 | 265 | USI Insurance Services |
| Nova Group, GBC | $0 | $36,978 | 224 | Holmes Murphy |
| Icario, Inc. | $0 | $24,528 | 200 | Christensen Group, Inc |
| SPS Companies, Inc. | $0 | $56,180 | 145 | USI Insurance Services |
| Aston Technologies, Inc. | $0 | $8,698 | 129 | Gallagher |
| Davannis Inc | $0 | — | 121 | — |
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 St. Louis Park employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| USI Insurance Services | $623,042 | 7 |
| Willis Towers Watson | $311,048 | 1 |
| Lockton | $277,784 | 2 |
| Mercer | $149,913 | 1 |
| Marsh McLennan Agency | $143,464 | 3 |
| The Plexus Groupe LLC | $123,030 | 1 |
| Cottingham & Butler | $117,656 | 1 |
| Hays Companies | $113,574 | 2 |
| Brown & Brown | $65,797 | 2 |
| NFP | $64,047 | 2 |
Largest medical carriers
Medical premium written for these employers.
St. Louis Park 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.
| St. Louis Park | Minnesota | United States | |
|---|---|---|---|
| Employer plans | 24 | 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 | $76,871 | $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, 23 St. Louis Park employers reported $7.2M in premiums and $1.9M in broker pay for 24,960 participants; in 2024 it was $9.9M and $2.3M for 25,920 participants (premiums +37.6%, broker pay +19.3%).
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 St. Louis Park employers pay health insurance brokers?
24 St. Louis Park employers reported $2,299,344 in broker commissions and fees on their 2024 Form 5500 filings, 22 of them disclosing at least some compensation. Too few fully insured medical plans in St. Louis Park 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 St. Louis Park employer that disclosed broker pay reported $76,871.
Which St. Louis Park employers have the largest health plans?
By insurance premium reported for 2024, Park Nicollet Health Services ($7.7M), Cdi Management Corp. ($1.4M), Trachte, LLC ($228,621) lead. 24 St. Louis Park employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in St. Louis Park?
By compensation reported by St. Louis Park employers, the largest brokers are USI Insurance Services ($623,042, 7 plans), Willis Towers Watson ($311,048, 1 plans), Lockton ($277,784, 2 plans). By medical premium, the largest carriers are Unitedhealthcare Insurance Company, Healthpartners Insurance Company, Medica Insurance Company.
Are St. Louis Park employer health plans self-funded or fully insured?
Of 24 St. Louis Park employer plans, 1 are fully insured, 12 are self-funded and 11 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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