Bristol-Myers Squibb Company
Updated Filing received by DOL
Bristol-Myers Squibb Company, a manufacturing — chemical, wood, plastics employer in Princeton, New Jersey, reported 34,497 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $16M in insurance premiums across 13 contracts and $740,946 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on August 5, 2025, within the extension window.
Who was paid on Bristol-Myers Squibb Company's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Bristol-Myers Squibb Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Minneapolis, MN | $302,388 | $413,441 | $715,829 | 7 |
| Willis Towers Watson · New York, NY | $25,117 | $0 | $25,117 | 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 |
|---|---|---|---|---|
| Prudential Insurance Company of Americalife | 23,133 | $8.7M | — | — |
| Prudential Insurance Company of Americahealth | 30,147 | $6.8M | — | — |
| Triple S Advantagecoverage not coded | 28 | $74,400 | — | — |
| Metropolitan Life Insurance Companyhealth | 6,327 | — | $169,525 | — |
| Metropolitan Life Insurance Companyhealth | 7,819 | — | $162,419 | — |
| Metropolitan Life Insurance Companyhealth | 24 | — | $1,933 | — |
| Metropolitan Life Insurance Companydental, HMO | 41,031 | — | $380,861 | — |
| Safeguard Health Plans, Inc., a Texas Corporationdental, HMO | 38 | — | $115 | — |
| Safeguard Health Plans, Inc., a Florida Corporationdental, HMO | 134 | — | $420 | — |
| Eyemed Vision Carevision | 35,048 | — | — | — |
| Safeguard Health Plans, Inc., a California Corporationdental, HMO | 179 | — | $556 | — |
| Prudential Insurance Company of Americalong-term disability | 19,619 | — | — | — |
| National Union Fire Ins. Co. of Pittsburgh, PAcoverage not coded | 18,952 | — | $25,117 | — |
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 Bristol-Myers Squibb Company 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.
Not computable: no insured medical premium on the filing.
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 | 30,880 | 34,497 | +11.7% |
| Premiums filed | $16,119,278 | $15,628,332 | not comparable |
| Broker commissions + fees | $875,246 | $740,946 | −15.3% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Bristol-Myers Squibb Company Consolidated Health and Welfare Plan#554 · insurance, general assets | December 31, 2024 | August 5, 2025 | within extension | 34,497 |
| Bristol-Myers Squibb Company Flexible Benefits Plan#525 · general assets | December 31, 2024 | August 5, 2025 | within extension | 19,725 |
| Bristol-Myers Squibb Company Puerto Rico, Inc. Medical Plan#519 · insurance | December 31, 2024 | August 5, 2025 | within extension | 1,288 |
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 Bristol-Myers Squibb Company pay in health insurance broker commissions in 2024?
Bristol-Myers Squibb Company's 2024 Form 5500 reports $740,946 in broker commissions and fees across 13 insurance contracts ($327,505 in commissions, $413,441 in fees), with Mercer receiving the largest share.
Is Bristol-Myers Squibb Company'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 Prudential Insurance Company of America, Metropolitan Life Insurance Company.
How does Bristol-Myers Squibb Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Bristol-Myers Squibb Company because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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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.