BenefitsLedger
City · Plan year 2024 · Form 5500

Solon, Ohio employer health plans: what they cost and who gets paid

Updated plan year 2024, the most recent complete year

22 employers in Solon, Ohio filed health plans with 100 or more participants for plan year 2024, covering 48,431 participants. They reported $23M in insurance premiums and $1.4M in broker commissions and fees. Against 2023, premiums were down 35.3% and broker pay fell 4.4%.

Employer plans
22
48,431 participants
Premiums
$23M
−35.3% vs 2023
Broker pay
$1.4M
−4.4% vs 2023 · 20 disclosed
Median rate
n/a
too few insured medical plans

Funding: 8 fully insured · 6 self-funded · 8 mixed. 14 of 22 plans pay at least some medical claims from the employer's own assets.

Largest employer health plans in Solon

Solon employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.

EmployerPremiumsBroker payParticipantsTop broker
Nestle USA, Inc. Attn Health & Welfare$10,997,409$510,09136,323Lockton
Gardiner Service Company$3,322,726$106,850261Gallagher
Bird Technologies Group Inc.$2,041,618$89,384172Willis Towers Watson
Tarkett Finance, Inc.$1,684,192$43,3662,173USI Insurance Services
Co-Ax Technology, Inc$1,578,101$86,946184The Fedeli Group LLC
Efficient Collaborative Retail MKT$1,348,542$47,056139Willis Towers Watson
Shankman & Associates, Inc.$988,567$47,806111Althans Insurance Agency Inc
Hunter Defense Technologies, Inc.$350,986$33,782778NFP
Mri Software LLC$139,271$3791,174Img
Rize Home, LLC$75,729$25,885108Gallagher
Associates Health Trust$0—4,121—
Gama Aviation Engineering, Inc.$0—874—
Advanced Lighting Technologies, LLC$0$52463Centro Benefits Research LLC
Brennan Industries Inc.$0$5,095257The Benefit Source Inc
Pressco Technology, Inc.$0$19,493244Gallagher
Adhawk Inc. dba Broadlume$0$25,534234RSC Insurance Broker. Inc
Valtronic Technologies (USA), Inc.$0$24,445156Magis Advisory Group, LLC
Kirkwood Holding Inc.$0$50,917144USI Insurance Services
MP Biomedicals, LLC$0$55,773139Gallagher
Zircoa, Inc.$0$96,329131AssuredPartners
MFS Supply, LLC$0$48,844130The Fedeli Group
Vintage Wine Distributor, Inc.$0$62,320115USI Insurance Services

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 Solon employers, with the number of employer plans naming each broker.

Largest medical carriers

Medical premium written for these employers.

Solon against Ohio 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.

SolonOhioUnited States
Employer plans222,40458,547
Median commission raten/a3.5%3.8%
Middle half of ratesn/a2.5% – 4.7%2.7% – 5.0%
Median broker pay per employer$47,431$56,081$72,628
Medical premium per covered personn/a$11,620$7,274
Plans reporting no commission117933

Year over year. In plan year 2023, 20 Solon employers reported $35M in premiums and $1.4M in broker pay for 51,632 participants; in 2024 it was $23M and $1.4M for 48,431 participants (premiums −35.3%, broker pay −4.4%).

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 Solon employers pay health insurance brokers?

22 Solon employers reported $1,380,347 in broker commissions and fees on their 2024 Form 5500 filings, 20 of them disclosing at least some compensation. Too few fully insured medical plans in Solon reported premium to compute a stable commission rate; the Ohio median is 3.5% and the U.S. median is 3.8%. In dollars, the median Solon employer that disclosed broker pay reported $47,431.

Which Solon employers have the largest health plans?

By insurance premium reported for 2024, Nestle USA, Inc. Attn Health & Welfare ($11M), Gardiner Service Company ($3.3M), Bird Technologies Group Inc. ($2.0M) lead. 22 Solon employers are listed on this page; every employer in the record has its own page.

Which brokers and carriers are paid the most in Solon?

By compensation reported by Solon employers, the largest brokers are Lockton ($386,580, 2 plans), Gallagher ($198,523, 4 plans), Willis Towers Watson ($136,354, 4 plans). By medical premium, the largest carriers are Medical Mutual, Medical Mutual of Ohio, Blue Cross and Blue Shield of Alabama.

Are Solon employer health plans self-funded or fully insured?

Of 22 Solon employer plans, 8 are fully insured, 6 are self-funded and 8 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 Ohio

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