Green Mountain Power Corporation
Updated Filing received by DOL
Green Mountain Power Corporation, an utilities employer in Colchester, Vermont, reported 550 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 6 insurance contracts with no premium reported and $84,485 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Cigna Health and Life Insurance Company and Affiliates). The Department of Labor received the filing on October 13, 2025, within the extension window.
Who was paid on Green Mountain Power Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Green Mountain Power Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Willis Towers Watson · Hartford, CT | $58,253 | $26,222 | $84,475 | 3 |
| Acrisure · Burlington, VT | $10 | $0 | $10 | 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 |
|---|---|---|---|---|
| Unum Life Insurance Company of Americalife | 502 | — | $25,639 | — |
| Cigna Health and Life Insurance Company and Affiliatesstop-loss, indemnity | 1,334 | — | — | — |
| Provident Life and Accident Insurance Companylife | 9 | — | $10 | — |
| Unum Life Insurance Company of Americalife, long-term disability | 502 | — | $25,639 | — |
| Unum Life Insurance Company of Americalife | 265 | — | $33,197 | — |
| Vision Service Planvision | 516 | — | — | — |
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 Green Mountain Power Corporation 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 | 550 | 550 | +0.0% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $68,345 | $84,485 | +23.6% |
| 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 |
|---|---|---|---|---|
| Green Mountain Power Corporation Retiree Health and Welfare Benefit Plan#511 · insurance, general assets, trust | December 31, 2024 | October 13, 2025 | within extension | 550 |
| Comp Major Med, Group Life, and LTD Income#501 · final filing · amended · insurance, general assets | December 31, 2024 | December 1, 2025 | amended filing; original date not in data | 508 |
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 Green Mountain Power Corporation pay in health insurance broker commissions in 2024?
Green Mountain Power Corporation's 2024 Form 5500 reports $84,485 in broker commissions and fees across 6 insurance contracts ($58,263 in commissions, $26,222 in fees), with Willis Towers Watson receiving the largest share.
Is Green Mountain Power Corporation'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 Cigna Health and Life Insurance Company and Affiliates).
How does Green Mountain Power Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Green Mountain Power Corporation because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 500-999 participants that disclosed broker pay reported a median of $104,902.
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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.