Connectpay LLC
Updated Filing received by DOL
Connectpay LLC, a professional & technical services employer in Foxborough, Massachusetts, reported 169 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.0M in insurance premiums across 3 contracts and $97,550 in broker commissions and fees, 4.0% 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 June 27, 2025, before the deadline.
Who was paid on Connectpay LLC's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Connectpay LLC filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Jennifer A. Borislow Ins Agency Inc · Methuen, MA | $72,191 | $18,166 | $90,357 | 3 |
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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Massachusetts, Inchealth, dental, prescription drug, PPO | 310 | $2.0M | $78,899 | 4.0% |
| Eyemed Vision Care on Behalf of the Fidelity Security Life Ins. Co.vision | 247 | — | $1,772 | — |
| Reliance Standard Life Insurance Companylife, short-term disability, long-term disability | 192 | — | $16,879 | — |
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 Connectpay LLC 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: $6,387 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 | 143 | 169 | +18.2% |
| Premiums filed | $1,543,259 | $1,980,115 | +28.3% |
| Broker commissions + fees | $95,115 | $97,550 | +2.6% |
| Commission rate | 4.6% | 4.0% | −0.6 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 |
|---|---|---|---|---|
| Connectpay Health and Welfare Plan#501 · insurance, general assets | December 31, 2024 | June 27, 2025 | before deadline | 169 |
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 Connectpay LLC pay in health insurance broker commissions in 2024?
Connectpay LLC's 2024 Form 5500 reports $97,550 in broker commissions and fees across 3 insurance contracts ($79,384 in commissions, $18,166 in fees), with Jennifer A. Borislow Ins Agency Inc receiving the largest share.
Is Connectpay LLC'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 Blue Cross Blue Shield of Massachusetts, Inc.
How does Connectpay LLC's broker compensation compare with similar employers?
Connectpay LLC paid 4.0% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Massachusetts is 2.5%. 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.