Secaucus, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
24 employers in Secaucus, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 97,878 participants. They reported $5.1M in insurance premiums and $4.9M in broker commissions and fees. Against 2023, premiums were up 93.3% and broker pay rose 14.4%.
Funding: 7 fully insured · 8 self-funded · 9 mixed. 17 of 24 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Secaucus
Secaucus employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| National Basketball Association | $2,071,931 | $735,773 | 1,879 | Mercer |
| Wnba, LLC | $1,021,510 | $106,587 | 178 | NFP |
| Ernst & Young U.S. LLP | $853,828 | $16,838 | 46,096 | Mapfre Insurance Agency |
| Quest Diagnostics Clinical Laboratories, Inc. | $648,548 | $1,156,956 | 39,325 | Mercer |
| Hartz Mountain Industries, Inc | $155,492 | $75,135 | 515 | USI Insurance Services |
| The Hartz Mountain Corporation | $120,069 | $18,812 | 232 | Gallagher |
| Nba Development League, LLC | $115,408 | $37,956 | 427 | Mercer |
| Child Smiles Group | $80,304 | $44,891 | 954 | Acrisure |
| The Children's Place, Inc. | $52,229 | $160,564 | 2,495 | NFP |
| ZT Group International, Inc. dba ZT Systems, Inc. | $0 | $190,055 | 1,901 | Corporate Synergies |
| Empire International, LTD. | $0 | $130,682 | 501 | NFP |
| Cosco Shipping (north America) Inc. | $0 | $951,994 | 465 | HUB International |
| The MLB Network, LLC | $0 | $68,501 | 449 | Emerson Rogers LLC |
| Alice and Olivia LLC | $0 | $114,598 | 324 | Brio Benefit Consulting Inc |
| Command Web Offset Co. Inc. | $0 | $465,675 | 294 | Foundation Risk Partners Corp. |
| Rose Brand Wipers, Inc. | $0 | $164,227 | 288 | Martin Insurance Group (2) |
| Faber, Coe and Gregg Inc | $0 | $48,340 | 286 | Allen and Stults Co |
| Ashley Stewart, Inc | $0 | $62,989 | 285 | Vector Financial |
| Safilo USA Inc. | $0 | $34,996 | 232 | Mercer |
| Tharanco Group LLC | $0 | $29,457 | 207 | USI Insurance Services |
| Ggi Glass Distributors Corp dba General Glass International | $0 | $27,858 | 201 | Gary Levine and Associates LTD |
| Artistic Tile, Inc. | $0 | $125,733 | 131 | Risk Strategies Company (RSC) |
| Frederick Goldman Inc. | $0 | $32,787 | 108 | Gallagher |
| Pierre Fabre USA Inc. | $0 | $109,942 | 105 | EPIC Insurance Brokers |
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 Secaucus employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Mercer | $1,452,161 | 5 |
| HUB International | $951,000 | 1 |
| American Benefits Consulting LLC | $511,501 | 1 |
| NFP | $395,256 | 5 |
| Foundation Risk Partners Corp | $262,643 | 1 |
| Corporate Synergies | $189,635 | 1 |
| Martin Insurance Group (2) | $152,221 | 1 |
| USI Insurance Services | $151,349 | 4 |
| Emerson Rogers, LLC | $119,545 | 4 |
| EPIC Insurance Brokers | $109,942 | 1 |
Largest medical carriers
Medical premium written for these employers.
Secaucus 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.
| Secaucus | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 24 | 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 | $90,861 | $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, 24 Secaucus employers reported $2.6M in premiums and $4.3M in broker pay for 100,818 participants; in 2024 it was $5.1M and $4.9M for 97,878 participants (premiums +93.3%, broker pay +14.4%).
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 Secaucus employers pay health insurance brokers?
24 Secaucus employers reported $4,911,346 in broker commissions and fees on their 2024 Form 5500 filings, 24 of them disclosing at least some compensation. Too few fully insured medical plans in Secaucus 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 Secaucus employer that disclosed broker pay reported $90,861.
Which Secaucus employers have the largest health plans?
By insurance premium reported for 2024, National Basketball Association ($2.1M), Wnba, LLC ($1.0M), Ernst & Young U.S. LLP ($853,828) lead. 24 Secaucus employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Secaucus?
By compensation reported by Secaucus employers, the largest brokers are Mercer ($1.5M, 5 plans), HUB International ($951,000, 1 plans), American Benefits Consulting LLC ($511,501, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Mapfre Life Insurance Company, Kaiser Foundation Health Plan of Washington.
Are Secaucus employer health plans self-funded or fully insured?
Of 24 Secaucus employer plans, 7 are fully insured, 8 are self-funded and 9 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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