Jersey City, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
40 employers in Jersey City, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 237,497 participants. They reported $25M in insurance premiums and $6.0M in broker commissions and fees. Against 2023, premiums were up 11.2% and broker pay fell 13.9%.
Funding: 7 fully insured · 18 self-funded · 15 mixed. 33 of 40 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Jersey City
Jersey City employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Proximo Spirits, Inc. | $10,558,796 | $276,447 | 562 | Kinloch Consulting Group, Inc. |
| Aspen Insurance U.S. Services Inc. | $8,089,164 | $236,570 | 363 | Willis Towers Watson |
| Effectual Inc. | $2,321,546 | $150,876 | 155 | USI Insurance Services |
| Dg3 North America | $1,298,623 | $209,736 | 276 | James B. Oswald Company |
| Interglobo North America | $1,124,007 | $85,064 | 189 | Marsh McLennan Agency |
| Kuehne & Nagel, Inc. | $713,873 | $547,042 | 4,718 | Continental Insurance Company |
| Fortitude Group Services, Inc. | $322,929 | $26,224 | 424 | Mercer |
| Veris Residential, Inc. | $194,174 | $26,942 | 198 | Brown & Brown |
| Saint Peter's University | $124,212 | $29,723 | 228 | RSC Insurance Brokerage Inc. |
| Jpmorgan Chase Bank, National Association | $0 | $669,576 | 186,161 | American Benefits and Comp SYS Inc. |
| Board of Trustees | $0 | — | 8,059 | — |
| Imperial Bag & Paper Co. LLC. | $0 | $178,247 | 6,659 | Various Agents - See Attached* |
| Insurance Services Office, Inc. | $0 | $294,616 | 5,393 | Marsh McLennan Agency |
| The Depository Trust & Clearing Corporation | $0 | $134,724 | 4,973 | Aon |
| Tokio Marine North America, Inc. | $0 | $271,886 | 3,051 | Marsh McLennan Agency |
| Exlservice.Com, Inc. | $0 | $234,445 | 2,606 | Lockton |
| Organon LLC | $0 | $82,653 | 2,221 | Mercer |
| Goya Foods, Inc | $0 | $1,008,684 | 1,488 | Alliant Insurance Services |
| Bet MGM LLC | $0 | $202,892 | 1,130 | Gallagher |
| Lord, Abbett & Co. LLC | $0 | $102,007 | 881 | USI Insurance Services |
| Sagesure | $0 | $199,233 | 698 | Marsh McLennan Agency |
| Healthcare Staffing & Consultants, LLC | $0 | $43,182 | 686 | Ben Zion Wertzberger |
| M. Management | $0 | $21,406 | 671 | DKG Ins & Financial Serv Inc. |
| Charles Komar & Sons, Inc. | $0 | $55,626 | 666 | OneDigital |
| Forbes Media LLC | $0 | $36,918 | 658 | Gallagher |
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 Jersey City employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $956,291 | 7 |
| Alliant Insurance Services | $440,019 | 2 |
| American Benefits & Comp SYS, Inc. | $400,150 | 1 |
| Aon | $379,964 | 4 |
| Acrisure | $361,124 | 3 |
| Continental Insurance Company | $307,473 | 1 |
| USI Insurance Services | $270,024 | 3 |
| Willis Towers Watson | $236,570 | 1 |
| American Benefits & Comp Systems | $235,289 | 1 |
| Lockton | $234,445 | 1 |
Largest medical carriers
Medical premium written for these employers.
Jersey City 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.
| Jersey City | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 40 | 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 | $95,818 | $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, 45 Jersey City employers reported $22M in premiums and $7.0M in broker pay for 230,206 participants; in 2024 it was $25M and $6.0M for 237,497 participants (premiums +11.2%, broker pay −13.9%).
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 Jersey City employers pay health insurance brokers?
40 Jersey City employers reported $6,043,019 in broker commissions and fees on their 2024 Form 5500 filings, 37 of them disclosing at least some compensation. Too few fully insured medical plans in Jersey City 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 Jersey City employer that disclosed broker pay reported $95,818.
Which Jersey City employers have the largest health plans?
By insurance premium reported for 2024, Proximo Spirits, Inc. ($11M), Aspen Insurance U.S. Services Inc. ($8.1M), Effectual Inc. ($2.3M) lead. 25 Jersey City employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Jersey City?
By compensation reported by Jersey City employers, the largest brokers are Marsh McLennan Agency ($956,291, 7 plans), Alliant Insurance Services ($440,019, 2 plans), American Benefits & Comp SYS, Inc. ($400,150, 1 plans). By medical premium, the largest carriers are Unitedhealthcare Insurance Company, Blue Cross Blue Shield of Massachusetts, Inc., Cigna Health and Life Insurance Company.
Are Jersey City employer health plans self-funded or fully insured?
Of 40 Jersey City employer plans, 7 are fully insured, 18 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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