Morristown, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
34 employers in Morristown, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 69,444 participants. They reported $11M in insurance premiums and $5.8M in broker commissions and fees. Against 2023, premiums were up 74.9% and broker pay rose 11.6%.
Funding: 6 fully insured · 10 self-funded · 18 mixed. 28 of 34 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Morristown
Morristown employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Colas Inc. | $2,410,429 | $250,434 | 4,123 | Willis Towers Watson |
| U.S. Fire Insurance Company | $1,994,748 | $217,088 | 2,519 | USI Insurance Services |
| Coworx Staffing Services LLC | $1,625,692 | $85,516 | 281 | Lockton |
| Atlantic Health System | $1,427,367 | $34,967 | 17,109 | Custom Benefit Programs Inc |
| Blue Raven Solutions, LLC | $1,095,957 | $5,018 | 100 | Eka Brokerage Services |
| Blue Raven Solutions, LLC | $1,095,957 | $5,018 | 100 | Eka Brokerage Services, Inc. |
| Arxada LLC | $618,932 | $405,685 | 666 | EPIC Insurance Brokers |
| Intercept Pharmaceuticals, Inc. | $375,890 | $49,847 | 393 | Gallagher |
| Porzio, Bromberg & Newman, P.C. | $177,109 | $132,985 | 289 | Mercer |
| The Seeing Eye, Inc. | $140,731 | $52,035 | 172 | Mercer |
| Olympus Holdings and Affiliates | $103,545 | $39,517 | 146 | Willis Towers Watson |
| Shepard School | $89,980 | $80,217 | 114 | Acrisure |
| Schindler Elevator Corporation | $84,881 | $152,014 | 2,359 | Aon |
| Alvogen Group, Inc. | $58,710 | $85,358 | 565 | NFP |
| Visiting Nurse Assoc. of Northern NJ, Inc. | $48,254 | $64,656 | 133 | Willis Towers Watson |
| The Brauer Group Ii Flex Benefit Plan | $42,073 | $80,735 | 202 | Marsh McLennan Agency |
| Sanofi-Aventis U.S. LLC | $0 | $1,082,860 | 15,810 | Sedgwick Claims Management Services |
| Lonza USA Inc. | $0 | $597,923 | 6,000 | Mercer |
| Reworld Projects, LLC | $0 | $410,589 | 4,145 | Willis Towers Watson |
| Valley National Bank | $0 | $467,700 | 3,963 | Group Advisory Inc |
| Artech, LLC | $0 | $175,432 | 3,693 | Mercer |
| Zelis Healthcare LLC | $0 | $179,858 | 2,359 | Gallagher |
| Avaya LLC | $0 | $139,860 | 1,463 | Willis Towers Watson |
| Majesco | $0 | $112,806 | 620 | Alliant Insurance Services |
| Coaction Global | $0 | $36,060 | 396 | HUB International |
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 Morristown employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Mercer | $1,425,737 | 7 |
| Willis Towers Watson | $905,112 | 6 |
| Sedgwick Claims Management Services | $752,239 | 1 |
| EPIC Insurance Brokers | $405,107 | 1 |
| Gallagher | $285,795 | 5 |
| Group Advisory Inc | $271,335 | 1 |
| USI Insurance Services | $175,562 | 1 |
| Lockton | $155,276 | 4 |
| Aon | $152,014 | 1 |
| Professional Group Plans, Inc. | $122,641 | 1 |
Largest medical carriers
Medical premium written for these employers.
Morristown 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.
| Morristown | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 34 | 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 | $97,562 | $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, 31 Morristown employers reported $6.5M in premiums and $5.2M in broker pay for 51,805 participants; in 2024 it was $11M and $5.8M for 69,444 participants (premiums +74.9%, broker pay +11.6%).
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 Morristown employers pay health insurance brokers?
34 Morristown employers reported $5,776,571 in broker commissions and fees on their 2024 Form 5500 filings, 34 of them disclosing at least some compensation. Too few fully insured medical plans in Morristown 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 Morristown employer that disclosed broker pay reported $97,562.
Which Morristown employers have the largest health plans?
By insurance premium reported for 2024, Colas Inc. ($2.4M), U.S. Fire Insurance Company ($2.0M), Coworx Staffing Services LLC ($1.6M) lead. 25 Morristown employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Morristown?
By compensation reported by Morristown employers, the largest brokers are Mercer ($1.4M, 7 plans), Willis Towers Watson ($905,112, 6 plans), Sedgwick Claims Management Services ($752,239, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Triple S Salud, Inc., Horizon Healthcare Services, Inc..
Are Morristown employer health plans self-funded or fully insured?
Of 34 Morristown employer plans, 6 are fully insured, 10 are self-funded and 18 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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