Bridgewater, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
26 employers in Bridgewater, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 68,989 participants. They reported $19M in insurance premiums and $2.5M in broker commissions and fees. Against 2023, premiums were up 27.0% and broker pay fell 30.7%.
Funding: 4 fully insured · 10 self-funded · 12 mixed. 22 of 26 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Bridgewater
Bridgewater employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Metlife Group, Inc. | $7,995,410 | — | 34,238 | — |
| Ibase of Fairfield County, LLC | $5,704,955 | $100,133 | 632 | Mercer |
| Biocon Biologics, Inc. | $1,770,758 | $155,543 | 160 | Boon Chapman Benefit Administrators |
| Iconectiv, LLC | $1,404,437 | $158,170 | 390 | Gallagher |
| Safeway Enterprises, LLC | $1,119,509 | $114,113 | 151 | Benefit Mall/Centerstone |
| Photonics Management Corp | $283,417 | $6,180 | 272 | Joshua P. Saunders |
| PVH Corp. | $198,943 | $68,363 | 5,133 | Mercer |
| Brother International Corporation | $137,292 | $106,570 | 857 | NFP |
| Catalent Pharma Solutions, Inc. | $0 | $190,979 | 9,122 | Willis Towers Watson |
| Bausch + Lomb Americas Inc. | $0 | $511,658 | 5,279 | Willis Towers Watson |
| Signify North America Corporation | $0 | $50,000 | 2,665 | Willis Towers Watson |
| Amneal Pharmaceuticals LLC | $0 | $167,371 | 2,456 | Mercer |
| Bausch Health US, LLC | $0 | $97,111 | 1,850 | Willis Towers Watson |
| Messer North America, Inc. | $0 | $9,482 | 1,828 | The Milliman Agency |
| Jag-One Intermediate Holdings, LLC | $0 | $28,814 | 889 | James R Nelligan & Associates |
| Insmed Incorporated | $0 | $103,105 | 704 | NFP |
| Ryan Automotive LLC dba Open Road Auto Group | $0 | $162,175 | 537 | Professional Group Plans Inc |
| Bridgeway Inc. | $0 | $45,498 | 329 | — |
| Oracle Financial Services Software | $0 | — | 308 | — |
| Synchronoss Technologies, Inc | $0 | $31,782 | 270 | Mercer |
| Norris McLaughlin P.A. | $0 | $150,095 | 223 | Kistler Tiffany Benefits General |
| Everest Clinical Research | $0 | $50,720 | 154 | Emerson Rogers, LLC |
| Bravo Building Services, LLC | $0 | $3,740 | 147 | Lockton |
| Recordati Rare Diseases | $0 | $36,490 | 143 | Eli Benefits LLC |
| Avtar Enterprise, LLC | $0 | $33,599 | 129 | NFP |
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 Bridgewater employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Willis Towers Watson | $795,678 | 4 |
| NFP | $312,586 | 4 |
| Mercer | $282,966 | 5 |
| Gallagher | $138,123 | 1 |
| Benefit Mall Centerstone Ins | $114,113 | 1 |
| Boon Chapman Benefit Administrators | $89,622 | 1 |
| Professional Group Plans, Inc. | $81,502 | 1 |
| Aon | $80,724 | 3 |
| Patriot Growth | $80,673 | 1 |
| Strategic Non-Medicalsolutions, LLC | $54,070 | 1 |
Largest medical carriers
Medical premium written for these employers.
Bridgewater against New Jersey 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.
| Bridgewater | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 26 | 1,521 | 58,547 |
| Median commission rate | n/a | 5.4% | 3.8% |
| Middle half of rates | n/a | 2.7% – 7.3% | 2.7% – 5.0% |
| Median broker pay per employer | $96,004 | $79,574 | $72,628 |
| Medical premium per covered person | n/a | $7,942 | $7,274 |
| Plans reporting no commission | 1 | 15 | 933 |
Year over year. In plan year 2023, 27 Bridgewater employers reported $15M in premiums and $3.6M in broker pay for 75,651 participants; in 2024 it was $19M and $2.5M for 68,989 participants (premiums +27.0%, broker pay −30.7%).
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 Bridgewater employers pay health insurance brokers?
26 Bridgewater employers reported $2,476,587 in broker commissions and fees on their 2024 Form 5500 filings, 24 of them disclosing at least some compensation. Too few fully insured medical plans in Bridgewater reported premium to compute a stable commission rate; the New Jersey median is 5.4% and the U.S. median is 3.8%. In dollars, the median Bridgewater employer that disclosed broker pay reported $96,004.
Which Bridgewater employers have the largest health plans?
By insurance premium reported for 2024, Metlife Group, Inc. ($8.0M), Ibase of Fairfield County, LLC ($5.7M), Biocon Biologics, Inc. ($1.8M) lead. 25 Bridgewater employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Bridgewater?
By compensation reported by Bridgewater employers, the largest brokers are Willis Towers Watson ($795,678, 4 plans), NFP ($312,586, 4 plans), Mercer ($282,966, 5 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Amerihealth Ins. Co., Triple S Salud, Inc..
Are Bridgewater employer health plans self-funded or fully insured?
Of 26 Bridgewater employer plans, 4 are fully insured, 10 are self-funded and 12 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 New Jersey
Is your company on this page? Get its Form 5500 read next to the Bridgewater, New Jersey medians.
Tell us the company and a specialist writes up what the public Form 5500 record shows for it, if it files one: broker pay against the medians above, fee disclosure and filing timeliness, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.