Factory Mutual Insurance Company
Updated Filing received by DOL a plan year 2025 filing was received July 13, 2026 for 1 of this employer's 2 plans; this record moves to 2025 when all have arrived
Factory Mutual Insurance Company, a finance & insurance employer in Johnston, Rhode Island, reported 4,096 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $134,010 in insurance premiums across 14 contracts and $266,981 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 August 14, 2025, within the extension window.
Who was paid on Factory Mutual 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 Factory Mutual Insurance Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Chicago, IL | $183,992 | $77,531 | $261,523 | 5 |
| Aon · New York, NY | $5,458 | $0 | $5,458 | 1 |
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 |
|---|---|---|---|---|
| Triple S Salud, Inc.health, prescription drug | 7 | $134,010 | — | — |
| Prudential Insurance Company of Americalife, short-term disability, long-term disability | 5,543 | — | $103,209 | — |
| Fidelity Security Life Insurance Companyvision | 7,436 | — | — | — |
| Ace American Insurance Companycoverage not coded | 4,147 | — | $5,458 | — |
| Provident Life and Accident Insurance Companyshort-term disability | 61 | — | $69,485 | — |
| Provident Life and Accident Insurance Companyshort-term disability | 4 | — | $6,858 | — |
| Provident Life and Accident Insurance Companyshort-term disability | 1 | — | $1,188 | — |
| Cigna Health and Life Insurance Companyhealth, dental, vision | 36 | — | — | — |
| Lloyds of Londoncoverage not coded | 19 | — | $80,783 | — |
| Spring Healthcoverage not coded | 6,627 | — | — | — |
| Blue Cross and Blue Shield of Rhode Islandhealth | 2 | — | — | — |
| Prudential Insurance Company of Americalife | 1,450 | — | — | — |
| Tufts Associated Health Maintenance Organization, Inc.health | 2 | — | — | — |
| United Healthcare of New England, Inchealth | 3 | — | — | — |
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 Factory Mutual 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.
Premium per covered person on medical contracts: $19,144 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 | 3,945 | 4,096 | +3.8% |
| Premiums filed | $52,375 | $134,010 | +155.9% |
| Broker commissions + fees | $231,677 | $266,981 | +15.2% |
| Commission rate | — | 0.0% | — |
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 |
|---|---|---|---|---|
| Factory Mutual Insurance Company Health and Welfare Benefit Plan#509 · insurance, general assets | December 31, 2024 | August 14, 2025 | within extension | 4,096 |
| Factory Mutual Insurance Company Postretirement Welfare Program#506 · insurance, trust | December 31, 2024 | October 13, 2025 | within extension | 1,918 |
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 Factory Mutual Insurance Company pay in health insurance broker commissions in 2024?
Factory Mutual Insurance Company's 2024 Form 5500 reports $266,981 in broker commissions and fees across 14 insurance contracts ($189,450 in commissions, $77,531 in fees), with Mercer receiving the largest share.
Is Factory Mutual Insurance Company'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., Cigna Health and Life Insurance Company, Blue Cross and Blue Shield of Rhode Island.
How does Factory Mutual Insurance Company's broker compensation compare with similar employers?
Factory Mutual Insurance Company paid 0.0% of medical premium in commissions and fees. The median for employers with 1,000-4,999 participants is 2.0%, 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.