Lakewood, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
26 employers in Lakewood, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 14,732 participants. They reported $697,681 in insurance premiums and $2.4M in broker commissions and fees. Against 2023, premiums were down 51.7% and broker pay rose 32.4%.
Funding: 5 fully insured · 14 self-funded · 7 mixed. 21 of 26 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Lakewood
Lakewood employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Clayton Block Co, Inc. | $165,624 | $10,236 | 260 | USI Insurance Services |
| J. Knipper & Co., Inc. | $156,732 | $109,412 | 881 | James R Nelligan & Associates LLC |
| Preferred Behavioral Health of New Jersey, Inc. | $137,734 | $18,803 | 424 | Alliant Insurance Services |
| First Commerce Bank | $123,087 | $177,428 | 151 | Centerstone Insurance and Financial |
| Pine Belt Enterprises, Inc. | $59,118 | $9,313 | 146 | Conner Strong & Buckelew |
| Harrogate Inc. | $55,386 | $61,811 | 120 | Johnson Kendall & Johnson Benefits |
| Carerite Centers, LLC | $0 | $236,301 | 2,627 | Gutmans Insurance Brokerage Inc |
| Enhance Therapies | $0 | $407,700 | 2,127 | Spetner Associates Inc |
| Crown Healthcare Management | $0 | — | 1,278 | — |
| Atlas Healthcare | $0 | — | 997 | Sterling Insurance |
| Ocean Healthcare Management | $0 | $33,317 | 934 | Sterling Insurance Concepts Inc |
| Rehab Ventures, LLC | $0 | $34,777 | 780 | HUB International |
| CCH Healthcare, LLC | $0 | $445,273 | 638 | Spetner Associates |
| Lightstone Group, LLC | $0 | $21,158 | 485 | CBIZ |
| Gaming Laboratories International LLC | $0 | $147,154 | 468 | Acrisure |
| Madison Commercial Real Estate Services | $0 | $174,262 | 406 | Sterling Insurance Concepts Inc |
| Renaissance Lakewood LLC | $0 | $94,514 | 389 | Innovative Benefit Planning LLC |
| The Arc, Ocean County Chapter, Inc. | $0 | $107,670 | 248 | Campbell Petrie, Inc. |
| Georgian Court University | $0 | $33,969 | 244 | Conner Strong & Buckelew |
| Western PA Opco Holdings I LLC | $0 | $7,452 | 231 | HUB International |
| Therapy Staffing Services LLC | $0 | — | 189 | — |
| Mo Operation Holdings de Spe LLC | $0 | — | 188 | — |
| LTC Consulting Services | $0 | $226,140 | 166 | USI Insurance Services |
| Lakewood Resource and Referral Center | $0 | $37,096 | 123 | Sterling Ins Concepts Inc. |
| Sunnyview Operating LLC | $0 | — | 121 | — |
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 Lakewood employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Spetner Associates, Inc. | $629,629 | 2 |
| Gutmans Insurance Brokerage, Inc | $235,577 | 1 |
| USI Insurance Services | $210,208 | 2 |
| Sterling Insurance Concepts Inc | $177,241 | 4 |
| Centerstone Insurance and Financial | $153,308 | 1 |
| Acrisure | $147,154 | 1 |
| Abraham Yonasan | $142,777 | 1 |
| Innovative Benefit Planning | $91,968 | 1 |
| Gis Benefits Inc | $58,027 | 1 |
| Campbell Petrie, Inc. | $52,375 | 1 |
Largest medical carriers
Medical premium written for these employers.
Lakewood 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.
| Lakewood | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 26 | 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 | $61,811 | $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, 25 Lakewood employers reported $1.4M in premiums and $1.8M in broker pay for 14,425 participants; in 2024 it was $697,681 and $2.4M for 14,732 participants (premiums −51.7%, broker pay +32.4%).
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 Lakewood employers pay health insurance brokers?
26 Lakewood employers reported $2,438,298 in broker commissions and fees on their 2024 Form 5500 filings, 21 of them disclosing at least some compensation. Too few fully insured medical plans in Lakewood 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 Lakewood employer that disclosed broker pay reported $61,811.
Which Lakewood employers have the largest health plans?
By insurance premium reported for 2024, Clayton Block Co, Inc. ($165,624), J. Knipper & Co., Inc. ($156,732), Preferred Behavioral Health of New Jersey, Inc. ($137,734) lead. 25 Lakewood employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Lakewood?
By compensation reported by Lakewood employers, the largest brokers are Spetner Associates, Inc. ($629,629, 2 plans), Gutmans Insurance Brokerage, Inc ($235,577, 1 plans), USI Insurance Services ($210,208, 2 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Aflac, Horizon Healthcare Services, Inc..
Are Lakewood employer health plans self-funded or fully insured?
Of 26 Lakewood employer plans, 5 are fully insured, 14 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
Is your company on this page? Get its Form 5500 read next to the Lakewood, 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.