Piscataway, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
19 employers in Piscataway, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 14,415 participants. They reported $1.9M in insurance premiums and $2.3M in broker commissions and fees. Against 2023, premiums were down 22.3% and broker pay fell 30.9%.
Funding: 3 fully insured · 10 self-funded · 6 mixed. 16 of 19 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Piscataway
Piscataway employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Institute of Electrical and Electronics Engineers, Inc. | $612,079 | $35,557 | 1,135 | CBIZ |
| As America, Inc. | $392,966 | — | 897 | — |
| Aequor Technologies LLC | $259,815 | $96,821 | 415 | HUB International |
| Genscript USA Inc. | $249,229 | $204,621 | 304 | HUB International |
| Valuemomentum, Inc. | $216,064 | $307,493 | 541 | SCS Finanical |
| Jesco, Inc. | $162,001 | $44,294 | 206 | Donald C. Savoy, Inc. |
| Foley, Inc. | $39,385 | $106,499 | 555 | Mercer |
| Evonik Corporation | $0 | $955,813 | 4,780 | Utic Insurance Company |
| Synechron Technology | $0 | $37,686 | 1,218 | USI Insurance Services |
| Ferraro Fine Foods Corp | $0 | $163,172 | 912 | RSC Brokerage Inc. |
| The Millennium Group Inc. | $0 | $6,413 | 879 | Willis Towers Watson |
| Parker Health Group, Inc. | $0 | $87,884 | 724 | Mercer |
| Humanscale Corporation | $0 | $16,274 | 449 | HUB International |
| General Plumbing Supply, Inc. | $0 | $82,028 | 443 | Cambridge Life Brokerage LLC |
| Marlabs LLC | $0 | $8,456 | 316 | York International Agency |
| Binsky & Snyder, LLC | $0 | $62,472 | 203 | Bolton Partners, Inc. |
| Audiocodes, Inc. | $0 | $30,920 | 182 | NPPG Employee Benefits LLC |
| All American Poly | $0 | $75,380 | 129 | SDF Associates 1991 LTD |
| First Tek, Inc. | $0 | $13,307 | 127 | Technology Insurance Associates |
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 Piscataway employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Mercer | $575,886 | 3 |
| Utic Insurance Company | $537,390 | 1 |
| HUB International | $274,047 | 3 |
| Emerson Rogers, LLC | $200,282 | 2 |
| SCS Finanical | $136,382 | 1 |
| RSC Insurance Brokerage, Inc. | $90,714 | 1 |
| SDF Associates 1991 LTD | $75,380 | 1 |
| Cambridge Life Brokerage LLC | $52,256 | 1 |
| Donald C Savoy Inc | $49,466 | 3 |
| Bolton Insurance Services LLC | $48,901 | 1 |
Largest medical carriers
Medical premium written for these employers.
Piscataway 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.
| Piscataway | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 19 | 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 | $68,926 | $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, 21 Piscataway employers reported $2.5M in premiums and $3.4M in broker pay for 17,295 participants; in 2024 it was $1.9M and $2.3M for 14,415 participants (premiums −22.3%, broker pay −30.9%).
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 Piscataway employers pay health insurance brokers?
19 Piscataway employers reported $2,335,090 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 Piscataway 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 Piscataway employer that disclosed broker pay reported $68,926.
Which Piscataway employers have the largest health plans?
By insurance premium reported for 2024, Institute of Electrical and Electronics Engineers, Inc. ($612,079), As America, Inc. ($392,966), Aequor Technologies LLC ($259,815) lead. 19 Piscataway employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Piscataway?
By compensation reported by Piscataway employers, the largest brokers are Mercer ($575,886, 3 plans), Utic Insurance Company ($537,390, 1 plans), HUB International ($274,047, 3 plans). By medical premium, the largest carriers are Unitedhealthcare Insurance Company, Colonial Life & Accident Insurance Company, Cigna Health and Life Insurance Company.
Are Piscataway employer health plans self-funded or fully insured?
Of 19 Piscataway employer plans, 3 are fully insured, 10 are self-funded and 6 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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