National Basketball Association
Updated Filing received by DOL
National Basketball Association, an arts & entertainment employer in Secaucus, New Jersey, reported 1,879 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.1M in insurance premiums across 11 contracts and $735,773 in broker commissions and fees. 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 National Basketball Association's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract National Basketball Association filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Chicago, IL | $697,809 | $35,620 | $733,429 | 13 |
| NFP · New York, NY | $284 | $2,453 | $2,737 | 4 |
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 |
|---|---|---|---|---|
| Cigna Health and Life Insurance Companyhealth, prescription drug | 2,559 | $2.1M | $486,230 | 23.5% |
| Cigna Health and Life Insurance Companydental, HMO | 165 | — | $910 | — |
| Delaware American Life Insurance of Americalife | 39 | — | $59 | — |
| Cigna Health and Life Insurance Companyhealth, dental, vision, prescription drug | 39 | — | $15,022 | — |
| Federal Insurance Companycoverage not coded | 1,482 | — | $60,033 | — |
| Metropolitan General Insurance Companycoverage not coded | 310 | — | $8,075 | — |
| Metropolitan Life Insurance Companylife | 1,721 | — | $80,064 | — |
| Hartford Life and Accidentlong-term disability | 1,482 | — | $45,807 | — |
| Hartford Life and Accidentshort-term disability | 845 | — | $6,499 | — |
| Hartford Life and Accidentshort-term disability | 1,057 | — | $24,963 | — |
| Metropolitan Life Insurance Companycoverage not coded | 353 | — | $8,111 | — |
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 National Basketball Association 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 | 1,413 | 1,879 | +33.0% |
| Premiums filed | $3,224 | $2,071,931 | not comparable |
| Broker commissions + fees | $690,350 | $735,773 | +6.6% |
| 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 |
|---|---|---|---|---|
| The National Basketball Association Employees' Insurance Plan#502 · insurance, general assets | December 31, 2024 | October 15, 2025 | within extension | 1,879 |
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 National Basketball Association pay in health insurance broker commissions in 2024?
National Basketball Association's 2024 Form 5500 reports $735,773 in broker commissions and fees across 11 insurance contracts ($697,700 in commissions, $38,073 in fees), with Mercer receiving the largest share.
Is National Basketball Association'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 Cigna Health and Life Insurance Company.
How does National Basketball Association's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for National Basketball Association because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 1,000-4,999 participants that disclosed broker pay reported a median of $168,579.
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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.