Princeton, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
55 employers in Princeton, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 87,542 participants. They reported $47M in insurance premiums and $8.1M in broker commissions and fees. Against 2023, premiums were down 55.6% and broker pay fell 17.0%.
Funding: 8 fully insured · 17 self-funded · 30 mixed. 47 of 55 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Princeton
Princeton employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Bristol-Myers Squibb Company | $15,628,332 | $740,946 | 34,497 | Mercer |
| Robert Wood Johnson Foundation | $10,036,407 | — | 471 | — |
| NRG Affiliate Services, Inc. | $6,247,616 | $746,055 | 7,588 | Mercer |
| Karuna Therapeutics, Inc. | $2,981,849 | $108,515 | 654 | Gallagher |
| The Hun School of Princeton | $2,856,153 | $15,217 | 180 | Professional Group Plans, Inc. |
| Integra Lifesciences Corp | $2,136,921 | $106,650 | 2,769 | Fulcro Insurance Inc |
| Adstra, Inc. | $2,054,406 | $141,704 | 200 | Gallagher |
| Hill Wallack LLP | $1,941,349 | $128,105 | 163 | Emerson Rogers, LLC |
| Community Options Inc. | $770,170 | $478,887 | 3,559 | Philip Lian |
| Interpool, Inc. dba Trac Intermodal | $693,785 | $128,463 | 592 | Ibenefit Communication, LLC |
| New Jersey Hospital Association | $536,610 | $3,306 | 111 | Pentra LLC and Alera Group Co |
| Citiustech Inc. | $377,580 | $498,440 | 707 | Marsh McLennan Agency |
| DR. Reddy's Laboratories, Inc. | $299,077 | $35,314 | 392 | Mercer |
| Sun Pharmaceutical Industries, Inc. | $256,100 | $127,846 | 1,586 | Marsh McLennan Agency |
| Eden Autism Services | $182,703 | $24,253 | 440 | Mercer |
| Princeton Day School | $168,515 | $31,054 | 374 | NFP |
| Princeton University Press | $130,505 | $121,046 | 129 | Corporate Synergies |
| Princeton Medical Group, P.A. | $68,291 | $34,473 | 130 | Brown & Brown |
| Educational Testing Service | $34,569 | $35,779 | 1,994 | Willis Towers Watson |
| Trustees of Princeton University | $0 | $201,592 | 6,988 | Winston Financial Services Inc |
| Munich Re America Services, Inc. | $0 | $352,105 | 4,760 | Marsh McLennan Agency |
| Radiate Holdco, LLC | $0 | $48,438 | 3,224 | Plansource Benefits Admnstrtn Inc. |
| Withumsmith & Brown, PC | $0 | $305,750 | 2,065 | USI Insurance Services |
| Mathematica Group Holding Inc. | $0 | $104,916 | 1,858 | Gallagher |
| WCG Clinical, Inc. | $0 | $69,502 | 1,402 | 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 Princeton employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Mercer | $1,665,674 | 7 |
| Marsh McLennan Agency | $1,213,171 | 6 |
| Gallagher | $507,686 | 7 |
| Emerson Rogers, LLC | $450,595 | 4 |
| USI Insurance Services | $415,610 | 3 |
| World Insurance Associates | $386,584 | 1 |
| Rue Insurance | $311,263 | 1 |
| HUB International | $293,283 | 3 |
| Philip Lian | $236,309 | 1 |
| Lockton | $224,045 | 1 |
Largest medical carriers
Medical premium written for these employers.
Princeton 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.
| Princeton | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 55 | 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 | $102,942 | $79,574 | $72,628 |
| Medical premium per covered person | n/a | $7,942 | $7,274 |
| Plans reporting no commission | 1 | 15 | 933 |
Year over year. In plan year 2023, 52 Princeton employers reported $107M in premiums and $9.7M in broker pay for 86,346 participants; in 2024 it was $47M and $8.1M for 87,542 participants (premiums −55.6%, broker pay −17.0%).
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 Princeton employers pay health insurance brokers?
55 Princeton employers reported $8,065,466 in broker commissions and fees on their 2024 Form 5500 filings, 52 of them disclosing at least some compensation. Too few fully insured medical plans in Princeton 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 Princeton employer that disclosed broker pay reported $102,942.
Which Princeton employers have the largest health plans?
By insurance premium reported for 2024, Bristol-Myers Squibb Company ($16M), Robert Wood Johnson Foundation ($10M), NRG Affiliate Services, Inc. ($6.2M) lead. 25 Princeton employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Princeton?
By compensation reported by Princeton employers, the largest brokers are Mercer ($1.7M, 7 plans), Marsh McLennan Agency ($1.2M, 6 plans), Gallagher ($507,686, 7 plans). By medical premium, the largest carriers are Prudential Insurance Company of America, Amerihealth Insurance Company, Blue Cross Blue Shield of Massachusetts, Inc..
Are Princeton employer health plans self-funded or fully insured?
Of 55 Princeton employer plans, 8 are fully insured, 17 are self-funded and 30 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 Princeton, 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.