Novartis Corporation
Updated Filing received by DOL
Novartis Corporation, a manufacturing — chemical, wood, plastics employer in East Hanover, New Jersey, reported 14,553 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $21M in insurance premiums across 17 contracts and $452,006 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 September 18, 2025, within the extension window.
Who was paid on Novartis 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 Novartis Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Igbs Corporation · Paradise Valley, AZ | $84,511 | $153,552 | $238,063 | 5 |
| Mercer · Chicago, IL | $0 | $180,874 | $180,874 | 4 |
| Alight Holding Company · Lincolnshire, IL | $0 | $23,470 | $23,470 | 1 |
| Aon | $8,135 | $0 | $8,135 | 2 |
| Zurich Agency Services · Overland Park, KS | $1,353 | $0 | $1,353 | 1 |
| Alliant Insurance Services · San Diego, CA | $0 | $111 | $111 | 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Companydental | 12,720 | $17M | — | — |
| Vision Service Planvision | 10,724 | $3.1M | — | — |
| Prudential Insurance Co of Americalife | 952 | $812,853 | — | — |
| Metropolitan Life Insurance Companylife | 247 | $312,000 | — | — |
| Triple-S Salud Inchealth, PPO | 17 | $120,948 | $6,047 | 5.0% |
| Triple Salud, Inchealth, PPO | 14 | $41,757 | $2,088 | 5.0% |
| Metropolitan Life Insurance Companydental | 33 | $10,170 | — | — |
| Kaiser Foundation Health Plans, Inchealth, HMO | 179 | — | — | — |
| Kaiser Foundation Health Plans, Inchealth, HMO | 199 | — | — | — |
| Metropolitan Life Insurance Companyshort-term disability, long-term disability | 919 | — | $12,233 | — |
| Hmsa/Bluecross Blueshield of Hawaiihealth, PPO | 20 | — | — | — |
| Metropolitan Life Insurance Companylife | 23,886 | — | $297,464 | — |
| Zurich American Insurance Companycoverage not coded | 14,477 | — | $1,353 | — |
| Metlife Legal Planscoverage not coded | 4,084 | — | $107,981 | — |
| Metropolitan Life Insurance Companyshort-term disability | 524 | — | $6,716 | — |
| Kaiser Foundation Health Plans, Inchealth, HMO | 3 | — | — | — |
| Metropolitan Life Insurance Companylife | 690 | — | $18,124 | — |
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 Novartis 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.
Premium per covered person on medical contracts: $5,249 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 | 15,022 | 14,553 | −3.1% |
| Premiums filed | $21,859,750 | $20,953,736 | −4.1% |
| Broker commissions + fees | $312,888 | $452,006 | +44.5% |
| 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 |
|---|---|---|---|---|
| Novartis Corporation Welfare Benefit Plan#540 · insurance, general assets | December 31, 2024 | September 18, 2025 | within extension | 14,553 |
| Novartis Corporation Post Employment Welfare Benefits Plan#541 · insurance, general assets, trust | December 31, 2024 | September 18, 2025 | within extension | 9,319 |
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 Novartis Corporation pay in health insurance broker commissions in 2024?
Novartis Corporation's 2024 Form 5500 reports $452,006 in broker commissions and fees across 17 insurance contracts ($93,999 in commissions, $358,007 in fees), with Igbs Corporation receiving the largest share.
Is Novartis Corporation'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, Triple Salud, Inc, Kaiser Foundation Health Plans, Inc.
How does Novartis Corporation's broker compensation compare with similar employers?
Novartis Corporation 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 New Jersey is 5.4%. 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.