Becht Engineering Co., Inc.
Updated Filing received by DOL
Becht Engineering Co., Inc., a professional & technical services employer in Liberty Corner, New Jersey, reported 221 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.4M in insurance premiums across 7 contracts and $133,998 in broker commissions and fees, 7.8% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on November 14, 2025, before the deadline.
Who was paid on Becht Engineering Co., Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Becht Engineering Co., Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Marsh McLennan Agency · Conshohocken, PA | $12,880 | $107,531 | $120,411 | 3 |
| The Nia Group · Conshohocken, PA | $10,683 | $0 | $10,683 | 1 |
| Adam H. Honrath · Flemington, NJ | $1,408 | $65 | $1,473 | 2 |
| Matthew Richard White & Other Agent · Youngstown, OH | $503 | $0 | $503 | 1 |
| Willis Towers Watson · New York, NJ | $291 | $0 | $291 | 1 |
| Joshua Paul Group, Inc. · Randolph, NJ | $251 | $0 | $251 | 1 |
| Margaret Dyer · Flemington, NJ | $227 | $0 | $227 | 1 |
| Jenna Honrath · Flemington, NJ | $83 | $0 | $83 | 1 |
| Barry M. Scoff · Kendall Park, NJ | $75 | $0 | $75 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Cigna Health and Life Insurance Companyhealth, prescription drug, HMO | 206 | $1.4M | $107,109 | 7.8% |
| Aflacshort-term disability | 14 | — | $2,613 | — |
| Health Advocate Solutions, Inc.coverage not coded | 229 | — | — | — |
| Life Insurance Company of North Americalife, short-term disability, long-term disability | 229 | — | $10,683 | — |
| Hawaii Medical Service Associationhealth, dental, vision, life, prescription drug, HMO | 3 | — | — | — |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.vision | 304 | — | $1,905 | — |
| Cigna Health and Life Insurance Company and Affiliatesdental, indemnity | 121 | — | $11,688 | — |
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Becht Engineering Co., Inc. compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Premium per covered person on medical contracts: $6,681 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 473 | 221 | −53.3% |
| Premiums filed | $957,752 | $1,376,265 | +43.7% |
| Broker commissions + fees | $91,095 | $133,998 | +47.1% |
| Commission rate | 8.2% | 7.8% | −0.4 pts |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Becht Engineering Co., Inc. Health and Welfare Benefits Plan#501 · insurance, general assets | April 30, 2025 | November 14, 2025 | before deadline | 221 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Becht Engineering Co., Inc. pay in health insurance broker commissions in 2024?
Becht Engineering Co., Inc.'s 2024 Form 5500 reports $133,998 in broker commissions and fees across 7 insurance contracts ($26,402 in commissions, $107,596 in fees), with Marsh McLennan Agency receiving the largest share.
Is Becht Engineering Co., Inc.'s health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Cigna Health and Life Insurance Company, Hawaii Medical Service Association.
How does Becht Engineering Co., Inc.'s broker compensation compare with similar employers?
Becht Engineering Co., Inc. paid 7.8% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in New Jersey is 5.4%. Percentages are computed only on fully insured medical contracts with filed premiums.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.