Broadridge Financial Solutions, Inc.
Updated Filing received by DOL
Broadridge Financial Solutions, Inc., a professional & technical services employer in Newark, New Jersey, reported 7,031 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.2M in insurance premiums across 9 contracts and $494,373 in broker commissions and fees, 0.0% 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 October 15, 2025, within the extension window.
Who was paid on Broadridge Financial Solutions, 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 Broadridge Financial Solutions, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · New York, NY | $289,124 | $205,249 | $494,373 | 6 |
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 |
|---|---|---|---|---|
| Aetna Life Insurance Co.health | 56 | $1.2M | — | — |
| Aetna Life Insurance Co.dental | 1,030 | — | — | — |
| National Union Fire Insurance Company of Pittsburgh, PAcoverage not coded | 6,573 | — | $3,836 | — |
| Prudential Insurance Company of Americashort-term disability, long-term disability | 6,559 | — | $124,364 | — |
| Aetna Life Insurance Co.vision | 7,352 | — | — | — |
| Compsychcoverage not coded | 6,625 | — | — | — |
| Aetna Life Insurance Co.coverage not coded | 5,235 | — | $140,348 | — |
| Securian Life Insurance Companycoverage not coded | 2,923 | — | $16,482 | — |
| Securian Life Insurance Companylife | 7,354 | — | $209,343 | — |
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 Broadridge Financial Solutions, 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: $21,629 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 | 7,061 | 7,031 | −0.4% |
| Premiums filed | $867,994 | $1,211,240 | +39.5% |
| Broker commissions + fees | $210,499 | $494,373 | +134.9% |
| Commission rate | 0.0% | 0.0% | +0.0 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 |
|---|---|---|---|---|
| Broadridge Financial Solutions, Inc. Health and Welfare Benefits Plan#503 · insurance, general assets | December 31, 2024 | October 15, 2025 | within extension | 7,031 |
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 Broadridge Financial Solutions, Inc. pay in health insurance broker commissions in 2024?
Broadridge Financial Solutions, Inc.'s 2024 Form 5500 reports $494,373 in broker commissions and fees across 9 insurance contracts ($289,124 in commissions, $205,249 in fees), with Mercer receiving the largest share.
Is Broadridge Financial Solutions, 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 Aetna Life Insurance Co..
How does Broadridge Financial Solutions, Inc.'s broker compensation compare with similar employers?
Broadridge Financial Solutions, Inc. paid 0.0% of medical premium in commissions and fees. The median for employers with 5,000+ participants is 4.8%, 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.