Iselin, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
20 employers in Iselin, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 79,655 participants. They reported $29M in insurance premiums and $6.2M in broker commissions and fees. Against 2023, premiums were up 461.6% and broker pay rose 136.2%.
Funding: 3 fully insured · 8 self-funded · 9 mixed. 17 of 20 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Iselin
Iselin employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Extensis Group, LLC | $21,134,989 | $3,080,332 | 29,116 | Nip Group Inc. |
| Siemens Corporation | $2,735,739 | $771,233 | 30,297 | Strategic Non-Medical Solutions LLC |
| Omni Ophthalmic Management Consultants, LLC | $2,311,073 | $102,148 | 364 | Lockton |
| Lightbridge Holdings Group, Inc. | $1,893,834 | $159,568 | 175 | Kistler Tiffany Bnfts GNRL Agy, LLC |
| Board of Trustees, Retiree Plan of the Njbls Welfare Fund | $529,714 | $148,701 | 1,887 | The Segal Co (eastern States) Inc |
| Schlesinger Global, Llc/Ss Holdings, LLC | $190,161 | $20,350 | 100 | Gallagher |
| DSV Air and Sea, Inc. | $0 | — | 6,371 | Willis Towers Watson |
| WS Audiology, USA, Inc. | $0 | $491,953 | 1,939 | — |
| Hexaware Technologies, Inc. | $0 | $196,532 | 1,752 | Marsh McLennan Agency |
| Basf Environmental Catalyst and Metal Solutions LLC | $0 | $327,616 | 1,697 | BSC Agency LLC |
| World Insurance Associates LLC | $0 | $184,920 | 1,521 | World Insurance Associates |
| Provident Bank | $0 | $57,272 | 1,130 | Willis Towers Watson |
| Board of Trustees - Recycling and Gen. Ind. Union L 108 Welfare Fund | $0 | $41,113 | 1,026 | The Segal Company (eastern States) |
| U.S. Retirement Partners, Inc. | $0 | $135,467 | 616 | Titan Insurance & Employee Benefits |
| Ansell Healthcare Products LLC | $0 | $19,275 | 466 | HUB International |
| Middlesex Water Company | $0 | $227,141 | 403 | Gallagher |
| Homebridge Financial Services, Inc. | $0 | $142,141 | 344 | Mercer |
| Automation Transportation Corp. | $0 | $45,472 | 220 | Corporate Synergies |
| Celerant Technology Corp | $0 | $72,300 | 129 | EPIC Insurance Brokers |
| RCG Global Services, Inc. | $0 | — | 102 | — |
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 Iselin employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Nip Group Inc. | $2,003,856 | 1 |
| NFP | $939,922 | 1 |
| Strategic Non-Medical Solution | $507,844 | 1 |
| BSC Agency LLC | $267,647 | 1 |
| Pacific Resrc BNFT Advsrs | $218,534 | 1 |
| Marsh McLennan Agency | $194,323 | 1 |
| Willis Towers Watson | $190,110 | 4 |
| World Insurance Associates | $182,132 | 1 |
| Kistler Tiffany Bnfts GNRL Agy, LLC | $158,870 | 1 |
| The Segal Company (eastern States) | $146,501 | 2 |
Largest medical carriers
Medical premium written for these employers.
Iselin 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.
| Iselin | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 20 | 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 | $145,421 | $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, 18 Iselin employers reported $5.1M in premiums and $2.6M in broker pay for 53,041 participants; in 2024 it was $29M and $6.2M for 79,655 participants (premiums +461.6%, broker pay +136.2%).
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 Iselin employers pay health insurance brokers?
20 Iselin employers reported $6,223,534 in broker commissions and fees on their 2024 Form 5500 filings, 18 of them disclosing at least some compensation. Too few fully insured medical plans in Iselin 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 Iselin employer that disclosed broker pay reported $145,421.
Which Iselin employers have the largest health plans?
By insurance premium reported for 2024, Extensis Group, LLC ($21M), Siemens Corporation ($2.7M), Omni Ophthalmic Management Consultants, LLC ($2.3M) lead. 20 Iselin employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Iselin?
By compensation reported by Iselin employers, the largest brokers are Nip Group Inc. ($2.0M, 1 plans), NFP ($939,922, 1 plans), Strategic Non-Medical Solution ($507,844, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Amerihealth Insurance Company, Capital District Physician's Health Plan Inc..
Are Iselin employer health plans self-funded or fully insured?
Of 20 Iselin employer plans, 3 are fully insured, 8 are self-funded and 9 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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