Eversource Energy Service Company
Updated Filing received by DOL a plan year 2025 filing was received July 24, 2026 for 2 of this employer's 3 plans; this record moves to 2025 when all have arrived
Eversource Energy Service Company, an utilities employer in Hartford, Connecticut, reported 9,951 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 9 insurance contracts with no premium reported and $1.0M in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Sun Life Assurance Company of Canada). The Department of Labor received the filing on July 30, 2025, before the deadline.
Who was paid on Eversource Energy Service 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 Eversource Energy Service Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Strategic Benefit Advisors Inc · Southborough, MA | $177,933 | $385,190 | $563,123 | 7 |
| Brown & Brown · Southborough, MA | $313,975 | $168,803 | $482,778 | 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 |
|---|---|---|---|---|
| Minnesota Life Insurance Companylife | 8,801 | — | $85,431 | — |
| Minnesota Life Insurance Companylife | 7,996 | — | $163,077 | — |
| Minnesota Life Insurance Companylife | 4,530 | — | $17,269 | — |
| Minnesota Life Insurance Companylife | 2,614 | — | $1,001 | — |
| Minnesota Life Insurance Companylife | — | — | $1,231 | — |
| Lincoln National Life Insurance Companylong-term disability | 10,210 | — | $207,788 | — |
| Sun Life Assurance Company of Canadastop-loss | 9,024 | — | $274,990 | — |
| Minnesota Life Insurance Companylife | 6,994 | — | $277,890 | — |
| Minnesota Life Insurance Companylife | 320 | — | $17,224 | — |
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 Eversource Energy Service 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 | 9,419 | 9,951 | +5.6% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $858,759 | $1,045,901 | +21.8% |
| 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 |
|---|---|---|---|---|
| Eversource Flexible Benefits Plan#525 · insurance, general assets | December 31, 2024 | July 30, 2025 | before deadline | 9,951 |
| Eversource Group Health and Welfare Retiree Benefit Plan#510 · insurance, general assets, trust | December 31, 2024 | October 9, 2025 | within extension | 8,225 |
| Eversource Med-Vantage Plan#523 · general assets | December 31, 2024 | July 24, 2025 | before deadline | 3,887 |
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 Eversource Energy Service Company pay in health insurance broker commissions in 2024?
Eversource Energy Service Company's 2024 Form 5500 reports $1,045,901 in broker commissions and fees across 9 insurance contracts ($491,908 in commissions, $553,993 in fees), with Strategic Benefit Advisors Inc receiving the largest share.
Is Eversource Energy Service Company's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from Sun Life Assurance Company of Canada).
How does Eversource Energy Service Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Eversource Energy Service 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.