Hoboken, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
16 employers in Hoboken, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 22,280 participants. They reported $15M in insurance premiums and $2.1M in broker commissions and fees. Against 2023, premiums were up 29.0% and broker pay rose 7.6%.
Funding: 3 fully insured · 5 self-funded · 8 mixed. 13 of 16 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Hoboken
Hoboken employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Attentive Mobile Inc. | $11,114,188 | $336,820 | 980 | Lockton |
| The Trustees of the Stevens Institute of Technology | $1,606,039 | $25,453 | 1,339 | Gallagher |
| Urby LLC | $1,213,862 | $101,725 | 157 | Lockton |
| Shipco Transport Inc. | $312,309 | $33,704 | 510 | CBIZ |
| John Wiley & Sons, Inc. | $267,066 | $96,602 | 1,980 | Willis Towers Watson |
| Pearson Education, Inc. | $150,128 | $485,847 | 10,858 | Mercer |
| Nice Systems, Inc. | $0 | $566,305 | 3,371 | Mercer |
| The Hain Celestial Group, Inc. | $0 | — | 959 | — |
| Academy Bus, L.L.C. | $0 | $3,302 | 728 | Brown & Brown |
| Ironstate Properties, LLC | $0 | $13,432 | 381 | Professional Group Plans, Inc |
| Educationdynamics LLC | $0 | $62,953 | 218 | Hauser Inc |
| Semperis Inc. | $0 | $41,851 | 191 | USI Insurance Services |
| P & B Intermodal Services LLC | $0 | $16,872 | 189 | IMA Financial |
| Hopes Community Action Partnership, Inc. | $0 | $79,922 | 166 | Emerson Rogers LLC |
| Genesis Research LLC | $0 | $195,435 | 146 | Advocate, Inc. |
| Pure Power Engineering, Inc. | $0 | $25,231 | 107 | MY Benefit Advisor 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 Hoboken employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Mercer | $1,052,152 | 2 |
| Lockton | $412,375 | 2 |
| Advocate, Inc. | $131,314 | 1 |
| Emerson Rogers, LLC | $92,069 | 2 |
| Willis Towers Watson | $70,279 | 1 |
| Centerstone Ins & Fin Ser | $64,121 | 1 |
| Hauser Inc | $52,221 | 1 |
| CBIZ | $33,704 | 1 |
| USI Insurance Services | $30,559 | 1 |
| Gallagher | $25,453 | 1 |
Largest medical carriers
Medical premium written for these employers.
Hoboken 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.
| Hoboken | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 16 | 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 | $62,953 | $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, 17 Hoboken employers reported $11M in premiums and $1.9M in broker pay for 26,538 participants; in 2024 it was $15M and $2.1M for 22,280 participants (premiums +29.0%, broker pay +7.6%).
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 Hoboken employers pay health insurance brokers?
16 Hoboken employers reported $2,085,454 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 Hoboken 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 Hoboken employer that disclosed broker pay reported $62,953.
Which Hoboken employers have the largest health plans?
By insurance premium reported for 2024, Attentive Mobile Inc. ($11M), The Trustees of the Stevens Institute of Technology ($1.6M), Urby LLC ($1.2M) lead. 16 Hoboken employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Hoboken?
By compensation reported by Hoboken employers, the largest brokers are Mercer ($1.1M, 2 plans), Lockton ($412,375, 2 plans), Advocate, Inc. ($131,314, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Triple S Salud, Inc., Unitedhealthcare Insurance Company.
Are Hoboken employer health plans self-funded or fully insured?
Of 16 Hoboken employer plans, 3 are fully insured, 5 are self-funded and 8 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 Hoboken, 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.