Equitable Financial Life Insurance Company
Updated Filing received by DOL
Equitable Financial Life Insurance Company, a finance & insurance employer in Syracuse, New York, reported 7,666 participants in its health and welfare plans for plan year 2025. Its Form 5500 shows $1.3M in insurance premiums across 49 contracts and $2.7M 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 26, 2026, within the extension window.
Who was paid on Equitable Financial Life Insurance 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 Equitable Financial Life Insurance Company filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Aon · San Juan, PR | $1,346,172 | $736,075 | $2,082,247 | 30 |
| Hewitt Insurance Brokerage LLC · Chicago, IL | $574,406 | $0 | $574,406 | 5 |
| Jennifer N Buck · Pecatonica, IL | $25,183 | $0 | $25,183 | 1 |
| Hewitt Ins Brokerage LLC · Chicago, IL | $22,449 | $0 | $22,449 | 6 |
| Jennifer Buck · Atlanta, GA | $5,694 | $0 | $5,694 | 2 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "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 49 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 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Equitable Financial Life Insurance 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.
Premium per covered person on medical contracts: $11,656 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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 7,304 | 7,666 | +5.0% |
| Premiums filed | $1,209,696 | $1,277,266 | not comparable |
| Broker commissions + fees | $2,990,691 | $2,709,979 | −9.4% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
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 |
|---|---|---|---|---|
| Equitable Health Plan#501 · insurance | December 31, 2025 | August 26, 2026 | within extension | 7,666 |
| Equitable Retiree Health Plan#502 · insurance | December 31, 2025 | August 26, 2026 | within extension | 2,439 |
| Equitable Health Reimbursement Arrangement#511 · general assets | December 31, 2025 | August 26, 2026 | within extension | 220 |
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 Equitable Financial Life Insurance Company pay in health insurance broker commissions in 2025?
Equitable Financial Life Insurance Company's 2025 Form 5500 reports $2,709,979 in broker commissions and fees across 49 insurance contracts ($1,973,904 in commissions, $736,075 in fees), with Aon receiving the largest share.
Is Equitable Financial Life Insurance Company's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Kaiser Foundation Health Plan of Washington Options, Inc., Triple S Salud, Inc., Unitedhealthcare Insurance Company.
How does Equitable Financial Life Insurance Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Equitable Financial Life Insurance 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.