New York Independent System Operator
Updated Filing received by DOL a plan year 2025 filing was received September 3, 2026 for 1 of this employer's 2 plans; this record moves to 2025 when all have arrived
New York Independent System Operator, a professional & technical services employer in Rensselaer, New York, reported 648 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $613,103 in insurance premiums across 12 contracts and $313,703 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 17, 2025, within the extension window.
Who was paid on New York Independent System Operator's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract New York Independent System Operator filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Marshall & Sterling Inc. · Poughkeepsie, NY | $313,703 | $0 | $313,703 | 12 |
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 |
|---|---|---|---|---|
| Standard Life Ins Co of NYlife | 638 | $338,499 | $9,155 | 2.7% |
| Standard Life Ins Co of NYvision | 584 | $171,865 | $5,187 | 3.0% |
| Standard Life Ins Co of NYlong-term disability | 638 | $102,739 | $5,975 | 5.8% |
| Capital District Physician's Health Plan Inc.health, prescription drug | 1,444 | — | $132,440 | — |
| Humana Insurance Companyhealth, prescription drug, PPO | — | — | $234 | — |
| Humana Insurance Companyhealth, prescription drug, PPO | — | — | $33 | — |
| Humana Insurance Company of New Yorkhealth, prescription drug, PPO | — | — | $1,509 | — |
| Anthem Blue Cross Retiree Solutionshealth, prescription drug, PPO | 40 | — | $5,440 | — |
| Delta Dental of New Yorkdental | 612 | — | $6,611 | — |
| Esi Employee Assistance Groupcoverage not coded | 609 | — | $891 | — |
| Capital District Physician's Health Plan Inc.health | 614 | — | $138,812 | — |
| First Unum Life Insurance Companycoverage not coded | 283 | — | $7,416 | — |
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 New York Independent System Operator 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 | 618 | 648 | +4.9% |
| Premiums filed | $550,803 | $613,103 | not comparable |
| Broker commissions + fees | $297,074 | $313,703 | +5.6% |
| 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 New York Independent System Operator Inc. Health & Welfare Benefits Plan#507 · insurance, general assets, trust | December 31, 2024 | September 17, 2025 | within extension | 648 |
| The New York Independent System Operator Inc. Benefit Plan#501 · insurance, general assets | November 30, 2025 | April 13, 2026 | before deadline | 630 |
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 New York Independent System Operator pay in health insurance broker commissions in 2024?
New York Independent System Operator's 2024 Form 5500 reports $313,703 in broker commissions and fees across 12 insurance contracts ($313,703 in commissions, $0 in fees), with Marshall & Sterling Inc. receiving the largest share.
Is New York Independent System Operator'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 Capital District Physician's Health Plan Inc., Humana Insurance Company, Humana Insurance Company of New York.
How does New York Independent System Operator's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for New York Independent System Operator 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.
Send the full findings to your inbox.
A specialist writes up every finding for New York Independent System Operator with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
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.