Albuquerque, New Mexico employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
98 employers in Albuquerque, New Mexico filed health plans with 100 or more participants for plan year 2024, covering 72,832 participants. They reported $100M in insurance premiums and $7.7M in broker commissions and fees. Against 2023, premiums were down 0.3% and broker pay rose 11.3%.
Funding: 32 fully insured · 30 self-funded · 36 mixed. 66 of 98 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Albuquerque
Albuquerque employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Board of Trustees of Central Texas Health and Benefit Fund | $34,882,585 | — | 3,978 | — |
| Southwest Multicraft | $22,629,035 | — | 3,454 | — |
| National Technology & Engineering Solutions of Sandia, LLC | $14,750,691 | $547,156 | 16,962 | Empower Benefits Inc |
| Presbyterian Healthcare Services | $7,051,627 | $1,312,049 | 14,272 | Aon |
| Pueblo of Isleta | $6,705,642 | $107,160 | 1,289 | Benefit Communications Inc |
| Board of Trustees of Sheet Metal Workers 49 Family Health Plan | $3,549,699 | — | 792 | — |
| Albuquerque Academy | $2,077,688 | $1,588 | 173 | HUB International |
| Laguna Development Corporation | $2,030,953 | $215,546 | 752 | Brown & Brown |
| Tricore Reference Laboratories | $932,529 | $1,361 | 1,351 | Plansource Benefits Admin Inc |
| TXNM Energy, Inc. | $505,920 | $49,897 | 2,054 | Aon |
| Dekker LTD | $466,653 | $87,290 | 214 | HUB International |
| Wilson and Company, Inc. Engineers and Architects | $416,221 | $45,656 | 608 | Lockton |
| Nusenda Credit Union | $372,287 | $14,197 | 750 | HUB International |
| Weststar Mortgage Corporation | $347,035 | $44,344 | 170 | AssuredPartners |
| Sunward Federal Credit Union | $345,343 | $320,151 | 492 | HUB International |
| Eye Associates of New Mexico, LTD | $316,102 | $80,480 | 602 | Aon |
| Applied Research Associates, Inc. | $267,390 | — | 1,884 | — |
| Rinchem Company LLC | $250,394 | $410 | 608 | Mercer |
| Modrall, Sperling, Roehl, Harris & Sisk, P.A. | $222,742 | $66,254 | 113 | HUB International |
| Richardson Investments, Inc. | $207,301 | $397 | 190 | HUB International |
| Redw LLC | $202,760 | $110,368 | 229 | HUB International |
| New Mexico Oncolgy Hematology Consultants. LTD | $184,733 | $344,968 | 188 | OneDigital |
| Unity Bpo Inc | $170,592 | $36,912 | 170 | Axcess Financial |
| Heritage Hotels and Resorts, Inc. | $169,652 | $84,430 | 304 | HUB International |
| US Eagle Federal Credit Union | $147,619 | $192,889 | 312 | 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 Albuquerque employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| HUB International | $2,199,891 | 43 |
| Aon | $873,925 | 10 |
| Custom Benefit Programs Inc | $650,192 | 1 |
| Marsh McLennan Agency | $438,989 | 3 |
| Empower Benefits, Inc. | $352,347 | 1 |
| Lockton | $264,016 | 3 |
| Alliant Insurance Services | $254,619 | 3 |
| Brown & Brown | $207,698 | 2 |
| OneDigital | $198,943 | 2 |
| Norris and Associates LLC | $190,376 | 1 |
Largest medical carriers
Medical premium written for these employers.
Albuquerque against New Mexico 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.
| Albuquerque | New Mexico | United States | |
|---|---|---|---|
| Employer plans | 98 | 167 | 58,547 |
| Median commission rate | n/a | 3.0% | 3.8% |
| Middle half of rates | n/a | 1.2% – 6.0% | 2.7% – 5.0% |
| Median broker pay per employer | $46,336 | $50,216 | $72,628 |
| Medical premium per covered person | n/a | n/a | $7,274 |
| Plans reporting no commission | 6 | 7 | 933 |
Year over year. In plan year 2023, 98 Albuquerque employers reported $101M in premiums and $6.9M in broker pay for 67,669 participants; in 2024 it was $100M and $7.7M for 72,832 participants (premiums −0.3%, broker pay +11.3%).
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 Albuquerque employers pay health insurance brokers?
98 Albuquerque employers reported $7,709,655 in broker commissions and fees on their 2024 Form 5500 filings, 88 of them disclosing at least some compensation. Too few fully insured medical plans in Albuquerque reported premium to compute a stable commission rate; the New Mexico median is 3.0% and the U.S. median is 3.8%. In dollars, the median Albuquerque employer that disclosed broker pay reported $46,336.
Which Albuquerque employers have the largest health plans?
By insurance premium reported for 2024, Board of Trustees of Central Texas Health and Benefit Fund ($35M), Southwest Multicraft ($23M), National Technology & Engineering Solutions of Sandia, LLC ($15M) lead. 25 Albuquerque employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Albuquerque?
By compensation reported by Albuquerque employers, the largest brokers are HUB International ($2.2M, 43 plans), Aon ($873,925, 10 plans), Custom Benefit Programs Inc ($650,192, 1 plans). By medical premium, the largest carriers are Blue Cross Blue Shield, Bluecross Blueshield of Illinois, Bluecross Blueshield of New Mexico.
Are Albuquerque employer health plans self-funded or fully insured?
Of 98 Albuquerque employer plans, 32 are fully insured, 30 are self-funded and 36 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.
Is your company on this page? Get its Form 5500 read next to the Albuquerque, New Mexico 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.
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