Massachusetts Mutual Life Insurance Company
Updated Filing received by DOL
Massachusetts Mutual Life Insurance Company, a finance & insurance employer in Springfield, Massachusetts, reported 7,581 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $562,649 in insurance premiums across 12 contracts and $251,175 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 October 15, 2025, within the extension window.
Who was paid on Massachusetts Mutual 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 Massachusetts Mutual Life Insurance Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Willis Towers Watson · New York, NY | $0 | $223,324 | $223,324 | 11 |
| Luis Lopez Luna · Guaynabo, PR | $27,851 | $0 | $27,851 | 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 |
|---|---|---|---|---|
| MCS Life Insurance Companyhealth, dental, life | 34 | $562,649 | $27,851 | 4.9% |
| Cigna Health and Life Insurance Companyhealth, indemnity | 1,395 | — | — | — |
| Eyemedvision | 14,710 | — | — | — |
| Lincoln National Life Insurance Companylong-term disability | 8,281 | — | $38,433 | — |
| Metropolitan Life Insurance Companylife | 16,287 | — | $74,313 | — |
| Eyemed Vision Carevision | 7,637 | — | — | — |
| Lincoln National Life Insurance Companylong-term disability | 4,552 | — | $27,528 | — |
| Lincoln National Life Insurance Companyshort-term disability | 5,217 | — | $8,749 | — |
| Metropolitan Life Insurance Companylife | 8,333 | — | $62,354 | — |
| Metropolitan Life Insurance Companylife | 1,755 | — | — | — |
| Metropolitan Life Insurance Companylife | 235 | — | $4,386 | — |
| Metropolitan Life Insurance Companylife | 688 | — | $7,561 | — |
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 Massachusetts Mutual 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.
Premium per covered person on medical contracts: $16,548 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 | 7,877 | 7,581 | −3.8% |
| Premiums filed | $489,429 | $562,649 | +15.0% |
| Broker commissions + fees | $248,594 | $251,175 | +1.0% |
| 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 |
|---|---|---|---|---|
| Massmutual Employee Welfare Benefits Plan#503 · insurance, trust | December 31, 2024 | October 15, 2025 | within extension | 7,581 |
| Massmutual Agents' Welfare Benefits Plan#506 · insurance, trust | December 31, 2024 | October 15, 2025 | within extension | 5,885 |
| Massmutual Retired Employee Welfare Benefits Plan#545 · insurance, trust | December 31, 2024 | October 15, 2025 | within extension | 2,793 |
| Massmutual Retired Agents' Welfare Benefits Plan#546 · insurance, trust | December 31, 2024 | October 15, 2025 | within extension | 1,675 |
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 Massachusetts Mutual Life Insurance Company pay in health insurance broker commissions in 2024?
Massachusetts Mutual Life Insurance Company's 2024 Form 5500 reports $251,175 in broker commissions and fees across 12 insurance contracts ($27,851 in commissions, $223,324 in fees), with Willis Towers Watson receiving the largest share.
Is Massachusetts Mutual Life 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 MCS Life Insurance Company, Cigna Health and Life Insurance Company.
How does Massachusetts Mutual Life Insurance Company's broker compensation compare with similar employers?
Massachusetts Mutual Life Insurance Company 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 Massachusetts is 2.5%. 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.