Edison, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
38 employers in Edison, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 56,145 participants. They reported $6.2M in insurance premiums and $5.9M in broker commissions and fees. Against 2023, premiums were up 33.9% and broker pay rose 36.1%.
Funding: 10 fully insured · 13 self-funded · 15 mixed. 28 of 38 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Edison
Edison employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Eos Energy Storage, LLC | $3,934,600 | $405,889 | 400 | Clifford Stern |
| Blue Water Shipping US, Inc. | $1,742,603 | $187,006 | 159 | Gallagher |
| Ray Catena Motor Car Corporation | $383,184 | $44,576 | 868 | Brown & Brown |
| Factory Direct Enterprises LLC | $123,907 | $22,511 | 514 | NFP |
| Avaap USA LLC | $35,576 | $91,870 | 388 | York International Agency, LLC. |
| Hackensack Meridian Health, Inc. | $0 | $789,192 | 35,150 | Aon |
| Ltimindtree LTD | $0 | $538,641 | 5,740 | Marsh McLennan Agency |
| L & T Technology Services LTD | $0 | $570,128 | 1,788 | World Insurance Associates |
| Musculoskeletal Transplant Foundation | $0 | $141,162 | 1,278 | Gallagher |
| Staff Management Group LLC | $0 | $1,374 | 1,231 | Two River Benefits Consultants LLC |
| Albireo Energy, LLC | $0 | $606,056 | 1,140 | The Meltzer Group Inc |
| Birlasoft, Inc. | $0 | $71,880 | 684 | Gis Benefits Inc |
| Orion Systems Integrators, LLC | $0 | $17,559 | 672 | Willis Towers Watson |
| Brillio, LLC | $0 | $26,642 | 617 | Marsh McLennan Agency |
| Aak USA Inc. | $0 | $261,308 | 512 | HUB International |
| Iris Software, Inc. | $0 | — | 472 | — |
| United States Technologies Communications Corp. | $0 | $195,280 | 420 | Brown & Brown |
| New Jersey Institute for Disabilities, Inc. | $0 | $10,735 | 352 | Partlow Insurance Agency Inc |
| CHW Group Inc | $0 | $31,457 | 342 | Acrisure |
| RPM Group Inc | $0 | $101,692 | 334 | Corporate Synergies |
| Eastern Smiles Opco, LLC | $0 | $16,046 | 284 | Kinloch Consulting Group |
| William Grant & Sons, Inc. | $0 | $64,204 | 273 | James R Nelligan Associates LLC |
| C&A Global, Inc | $0 | $123,650 | 242 | OneDigital |
| Hillebrand Gori USA, LLC | $0 | $97,888 | 233 | USI Insurance Services |
| Fond Du Lac Cold Storage LLC | $0 | $28,648 | 211 | The James Group, LLC |
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 Edison employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $565,290 | 3 |
| Aon | $464,492 | 1 |
| Brown & Brown | $403,274 | 3 |
| The Meltzer Group Inc | $396,175 | 1 |
| World Insurance Associates | $377,043 | 1 |
| HUB International | $289,558 | 3 |
| Clifford Stern | $265,677 | 1 |
| Gallagher | $251,287 | 4 |
| James R Nelligan & Assoc LLC | $238,757 | 1 |
| Pan Am Life-Brm Specialty MKTS | $195,773 | 1 |
Largest medical carriers
Medical premium written for these employers.
Edison 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.
| Edison | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 38 | 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 | $90,007 | $79,574 | $72,628 |
| Medical premium per covered person | n/a | $7,942 | $7,274 |
| Plans reporting no commission | 0 | 15 | 933 |
Year over year. In plan year 2023, 37 Edison employers reported $4.6M in premiums and $4.3M in broker pay for 54,614 participants; in 2024 it was $6.2M and $5.9M for 56,145 participants (premiums +33.9%, broker pay +36.1%).
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 Edison employers pay health insurance brokers?
38 Edison employers reported $5,892,686 in broker commissions and fees on their 2024 Form 5500 filings, 35 of them disclosing at least some compensation. Too few fully insured medical plans in Edison 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 Edison employer that disclosed broker pay reported $90,007.
Which Edison employers have the largest health plans?
By insurance premium reported for 2024, Eos Energy Storage, LLC ($3.9M), Blue Water Shipping US, Inc. ($1.7M), Ray Catena Motor Car Corporation ($383,184) lead. 25 Edison employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Edison?
By compensation reported by Edison employers, the largest brokers are Marsh McLennan Agency ($565,290, 3 plans), Aon ($464,492, 1 plans), Brown & Brown ($403,274, 3 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Reliance Standard Life Insurance Company, Metropolitan Life Insurance Company.
Are Edison employer health plans self-funded or fully insured?
Of 38 Edison employer plans, 10 are fully insured, 13 are self-funded and 15 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
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