Hackensack, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
15 employers in Hackensack, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 3,127 participants. They reported $148,328 in insurance premiums and $1.1M in broker commissions and fees. Against 2023, premiums were down 93.8% and broker pay rose 54.0%.
Funding: 6 fully insured · 5 self-funded · 4 mixed. 9 of 15 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Hackensack
Hackensack employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Greater Bergen Community Action Program | $148,328 | $39,620 | 435 | HUB International |
| Flora Food US, Inc. | $0 | $90,443 | 514 | Hilb Group of New England |
| All American Ford Inc. | $0 | $141,994 | 330 | PF Compass |
| Comprehensive Behavioral Healthcare | $0 | $228,148 | 275 | The Bogle Agency, Inc. |
| 17 Farmers Market Inc. | $0 | $1,603 | 252 | Conner Strong & Buckelew |
| Cole Schotz PC | $0 | $33,081 | 211 | Mercer |
| The Arc of Bergen and Passaic Counties, Inc. | $0 | $15,256 | 166 | Patriot Growth |
| Bergen's Promise, Inc. | $0 | $770 | 156 | Schechner Lifson Corporation |
| Champions Oncology | $0 | $69,873 | 135 | Irwin Tobin |
| Premier Specialties, Inc. | $0 | $38,305 | 127 | Lockton |
| Pashman Stein, a Professional Corporation | $0 | $12,008 | 115 | Centerstone Ins. Fin. dba Benefit |
| Smartlinx Solutions, LLC | $0 | $107,145 | 107 | Mercer |
| Max Surgical Specialty Management | $0 | $51,935 | 104 | Kelly and Associates Ins. Group Inc |
| Ennoble Care LLC | $0 | $230,881 | 100 | Lockton |
| Evive Brands | $0 | $13,851 | 100 | Lockton |
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 Hackensack employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| The Bogle Agency, Inc. | $191,721 | 1 |
| Lockton | $186,839 | 3 |
| PF Compass | $109,455 | 1 |
| Mercer | $97,921 | 2 |
| Hilb Group of New England | $90,443 | 1 |
| Professional Group Plans, Inc. | $57,770 | 2 |
| Kelly & Associates Ins Group Inc | $51,935 | 1 |
| Irwin Tobin | $46,580 | 1 |
| The Baldwin Group | $44,559 | 1 |
| HUB International | $37,351 | 1 |
Largest medical carriers
Medical premium written for these employers.
Hackensack 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.
| Hackensack | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 15 | 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 | $39,620 | $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, 12 Hackensack employers reported $2.4M in premiums and $698,083 in broker pay for 2,791 participants; in 2024 it was $148,328 and $1.1M for 3,127 participants (premiums −93.8%, broker pay +54.0%).
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 Hackensack employers pay health insurance brokers?
15 Hackensack employers reported $1,074,913 in broker commissions and fees on their 2024 Form 5500 filings, 15 of them disclosing at least some compensation. Too few fully insured medical plans in Hackensack 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 Hackensack employer that disclosed broker pay reported $39,620.
Which Hackensack employers have the largest health plans?
By insurance premium reported for 2024, Greater Bergen Community Action Program ($148,328), Flora Food US, Inc. ($0), All American Ford Inc. ($0) lead. 15 Hackensack employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Hackensack?
By compensation reported by Hackensack employers, the largest brokers are The Bogle Agency, Inc. ($191,721, 1 plans), Lockton ($186,839, 3 plans), PF Compass ($109,455, 1 plans). By medical premium, the largest carriers are Aetna Life Insurance Company, Horizon Healthcare Services, Inc., Community Insurance Company.
Are Hackensack employer health plans self-funded or fully insured?
Of 15 Hackensack employer plans, 6 are fully insured, 5 are self-funded and 4 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 Hackensack, 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.