Englewood Cliffs, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
17 employers in Englewood Cliffs, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 38,366 participants. They reported $557,159 in insurance premiums and $2.3M in broker commissions and fees. Against 2023, premiums were up 163.6% and broker pay rose 39.6%.
Funding: 4 fully insured · 6 self-funded · 7 mixed. 13 of 17 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Englewood Cliffs
Englewood Cliffs employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Ownbackup Inc. | $480,557 | $208,415 | 446 | USI Insurance Services |
| Samsung Electronics America, Inc. | $51,833 | $486,665 | 6,509 | Aon |
| Orbach Affordable Management, LLC | $24,769 | $129,152 | 119 | Brown & Brown |
| Health Professionals & Allied Employees. Retiree Medical Trust | $0 | — | 14,739 | — |
| Unilever United States, Inc. | $0 | $274,918 | 7,060 | Sequoia |
| LG Electronics, U.S.A., Inc. | $0 | $241,431 | 4,278 | Marsh McLennan Agency |
| UAW - Local 259 Social Security Dept. | $0 | $2,230 | 1,313 | MSM General Agency Inc |
| I.A.M. District 15 Health Fund | $0 | — | 1,298 | — |
| Conopco, Inc. | $0 | — | 536 | — |
| Connectone Bank | $0 | $327,907 | 517 | Donald C. Savoy Inc |
| United Health and Welfare Fund | $0 | $185,335 | 453 | Anthony Negri |
| Iamaw District No. 15 New England Area Health and Welfare Fund | $0 | — | 276 | — |
| The Kamson Corporation | $0 | $36,581 | 207 | Professional Group Plans Inc |
| Onex Credit Partners, LLC | $0 | $217,772 | 194 | NFP |
| Sheng Raamco Management Inc. | $0 | $3,358 | 170 | Sterling and Sterling, LLC |
| Ferrari North America, Inc. | $0 | $10,769 | 146 | Mercer |
| Blue Sage Solutions, LLC | $0 | $156,101 | 105 | Emerson Rogers 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 Englewood Cliffs employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Aon | $360,656 | 1 |
| Donald C Savoy Inc | $228,057 | 2 |
| USI Insurance Services | $208,421 | 1 |
| Sequoia | $179,104 | 1 |
| Emerson Rogers, LLC | $151,649 | 1 |
| Marsh McLennan Agency | $144,147 | 2 |
| NFP | $133,078 | 2 |
| Anthony Negri | $128,369 | 1 |
| Mercer | $122,024 | 3 |
| Brown & Brown | $103,552 | 1 |
Largest medical carriers
Medical premium written for these employers.
Englewood Cliffs 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.
| Englewood Cliffs | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 17 | 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 | $185,335 | $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, 16 Englewood Cliffs employers reported $211,357 in premiums and $1.6M in broker pay for 31,818 participants; in 2024 it was $557,159 and $2.3M for 38,366 participants (premiums +163.6%, broker pay +39.6%).
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 Englewood Cliffs employers pay health insurance brokers?
17 Englewood Cliffs employers reported $2,280,634 in broker commissions and fees on their 2024 Form 5500 filings, 13 of them disclosing at least some compensation. Too few fully insured medical plans in Englewood Cliffs 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 Englewood Cliffs employer that disclosed broker pay reported $185,335.
Which Englewood Cliffs employers have the largest health plans?
By insurance premium reported for 2024, Ownbackup Inc. ($480,557), Samsung Electronics America, Inc. ($51,833), Orbach Affordable Management, LLC ($24,769) lead. 17 Englewood Cliffs employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Englewood Cliffs?
By compensation reported by Englewood Cliffs employers, the largest brokers are Aon ($360,656, 1 plans), Donald C Savoy Inc ($228,057, 2 plans), USI Insurance Services ($208,421, 1 plans). By medical premium, the largest carriers are MCS Life Insurance Company, Cigna Health and Life Insurance Company, Unitedhealthcare Insurance Company.
Are Englewood Cliffs employer health plans self-funded or fully insured?
Of 17 Englewood Cliffs employer plans, 4 are fully insured, 6 are self-funded and 7 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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