CVS Pharmacy, Inc
Updated Filing received by DOL
CVS Pharmacy, Inc, a retail — stores, food, auto, clothing employer in Woonsocket, Rhode Island, reported 298,847 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $247,341 in insurance premiums across 41 contracts and $1.8M in broker commissions and fees, 5.0% 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 March 6, 2026, within the extension window.
Who was paid on CVS Pharmacy, 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 CVS Pharmacy, Inc filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Marsh McLennan Agency · King of Prussia, PA | $209,607 | $1,118,897 | $1,328,504 | 26 |
| Buck · Dallas, TX | $0 | $356,643 | $356,643 | 1 |
| Bswift · Minneapolis, MN | $0 | $29,728 | $29,728 | 1 |
| Daniel Wisted · Alpharetta, GA | $8,695 | $13,605 | $22,300 | 6 |
| Aon · Chicago, IL | $13,016 | $0 | $13,016 | 10 |
| Daniel J Wisted · Alpharetta, GA | $439 | $815 | $1,254 | 9 |
| Hewitt Insurance Brokerage LLC · Lincolnshire, IL | $911 | $0 | $911 | 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
The 24 largest of 41 contracts reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
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 CVS Pharmacy, 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: $3,637 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 | 307,511 | 298,847 | −2.8% |
| Premiums filed | $1,288,320 | $247,341 | −80.8% |
| Broker commissions + fees | $1,485,923 | $1,752,356 | +17.9% |
| Commission rate | 5.0% | 5.0% | +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 |
|---|---|---|---|---|
| The CVS Health Welfare Benefit Plan#510 · insurance, general assets | May 31, 2025 | March 6, 2026 | within extension | 298,847 |
| CVS Health Medical/Dental Benefit Plan for Retirees#513 · insurance, general assets | December 31, 2024 | August 28, 2025 | within extension | 21,198 |
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 CVS Pharmacy, Inc pay in health insurance broker commissions in 2024?
CVS Pharmacy, Inc's 2024 Form 5500 reports $1,752,356 in broker commissions and fees across 41 insurance contracts ($232,668 in commissions, $1,519,688 in fees), with Marsh McLennan Agency receiving the largest share.
Is CVS Pharmacy, 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 Triple-S Salud, Inc., Hawaii Medical Service Association, Kaiser Foundation Health Plan of Hawaii.
How does CVS Pharmacy, Inc's broker compensation compare with similar employers?
CVS Pharmacy, Inc paid 5.0% of medical premium in commissions and fees. The median for employers with 5,000+ participants is 4.8%, and the median in Rhode Island is 1.0%. 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.