McKinney, Texas employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
24 employers in McKinney, Texas filed health plans with 100 or more participants for plan year 2024, covering 21,250 participants. They reported $0 in insurance premiums and $3.3M in broker commissions and fees. Against 2023, premiums were unchanged and broker pay rose 22.7%.
Funding: 10 fully insured · 7 self-funded · 7 mixed. 14 of 24 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in McKinney
McKinney employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| SRS Distribution, Inc | $0 | $576,415 | 11,090 | Mercer |
| Globe Life Inc. | $0 | $387,405 | 2,058 | Keith Bennett and Other Agents |
| Encore Wire Corporation | $0 | $13,682 | 1,594 | Lockton |
| Independent Bank | $0 | $127,432 | 1,523 | Lockton |
| Aoc Opco, LLC | $0 | — | 731 | — |
| RPM X Construction, LLC | $0 | $307,942 | 478 | Brown & Brown |
| New Day Healthcare LLC | $0 | $340,188 | 366 | HUB International |
| Mission Site Services, LLC | $0 | $8,203 | 343 | Lone Star Benefits Inc |
| Capstone HC Management, LLC | $0 | $73,746 | 330 | Lockton |
| El Dorado Motors, Inc. | $0 | $48,337 | 304 | Ronda D Moran |
| Mission Critical Group | $0 | $10,557 | 242 | Higginbotham |
| Ag-Power, Inc. | $0 | $95,223 | 234 | USI Insurance Services |
| Pogue Construction Co., LP | $0 | $254,572 | 193 | USI Insurance Services |
| Traxxas, L.P. | $0 | $111,394 | 191 | USI Insurance Services |
| KCK Utility Construction | $0 | $159,764 | 186 | Cobb Benefits Group, LLC |
| Saber Financial Services, LP | $0 | $117,325 | 180 | Peter Krause |
| Frontier Tank Lines | $0 | $53,122 | 175 | Lockton |
| SLMP, LLC dba Statlab Medical Products | $0 | $48,116 | 174 | IMA Financial |
| Beyond Health Management Solutions, LLC | $0 | $46,983 | 167 | Marsh McLennan Agency |
| Bob Tomes Ford, Inc. | $0 | $171,101 | 166 | Higginbotham |
| Unmanned Systems Incorporated | $0 | $152,823 | 165 | Gallagher |
| Morrow Renewables, LLC | $0 | $39,070 | 131 | Brimer Benefit Consultants, LLC |
| Selerix Systems, Inc. | $0 | $95,748 | 122 | Gallagher |
| Hielan Payroll, LLC | $0 | $20,855 | 107 | Marsh McLennan Agency |
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 McKinney employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Mercer | $569,039 | 1 |
| USI Insurance Services | $437,470 | 3 |
| HUB International | $340,188 | 1 |
| Keith Bennett and Other Agents | $283,492 | 1 |
| Lockton | $279,635 | 7 |
| Gallagher | $248,571 | 2 |
| Brown & Brown | $206,870 | 1 |
| Higginbotham | $142,187 | 3 |
| Hays Companies | $91,745 | 1 |
| Cobb Benefits Group LLC | $79,463 | 1 |
Largest medical carriers
Medical premium written for these employers.
McKinney against Texas 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.
| McKinney | Texas | United States | |
|---|---|---|---|
| Employer plans | 24 | 4,926 | 58,547 |
| Median commission rate | n/a | 5.6% | 3.8% |
| Middle half of rates | n/a | 2.7% – 6.0% | 2.7% – 5.0% |
| Median broker pay per employer | $95,748 | $86,351 | $72,628 |
| Medical premium per covered person | n/a | $6,089 | $7,274 |
| Plans reporting no commission | 0 | 22 | 933 |
Year over year. In plan year 2023, 23 McKinney employers reported $1.7M in premiums and $2.7M in broker pay for 18,924 participants; in 2024 it was $0 and $3.3M for 21,250 participants (broker pay +22.7%).
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 McKinney employers pay health insurance brokers?
24 McKinney employers reported $3,260,003 in broker commissions and fees on their 2024 Form 5500 filings, 23 of them disclosing at least some compensation. Too few fully insured medical plans in McKinney reported premium to compute a stable commission rate; the Texas median is 5.6% and the U.S. median is 3.8%. In dollars, the median McKinney employer that disclosed broker pay reported $95,748.
Which McKinney employers have the largest health plans?
By insurance premium reported for 2024, SRS Distribution, Inc ($0), Globe Life Inc. ($0), Encore Wire Corporation ($0) lead. 24 McKinney employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in McKinney?
By compensation reported by McKinney employers, the largest brokers are Mercer ($569,039, 1 plans), USI Insurance Services ($437,470, 3 plans), HUB International ($340,188, 1 plans). By medical premium, the largest carriers are Unitedhealthcare Insurance Company, Cigna Health and Life Insurance Company, Bluecross Blueshield of Texas.
Are McKinney employer health plans self-funded or fully insured?
Of 24 McKinney employer plans, 10 are fully insured, 7 are self-funded and 7 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 Texas
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