Penn Mutual Life Insurance Company
Updated Filing received by DOL
Penn Mutual Life Insurance Company, a finance & insurance employer in Conshohocken, Pennsylvania, reported 2,019 participants in its health and welfare plans for plan year 2025. Its Form 5500 shows $936,982 in insurance premiums across 12 contracts and $254,423 in broker commissions and fees. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on July 27, 2026, before the deadline.
Who was paid on Penn 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 Penn Mutual Life Insurance Company filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Amwins Group Benefits LLC · North Kingstown, RI | $108,119 | $0 | $108,119 | 3 |
| Pentra LLC · Villanova, PA | $58,887 | $7,493 | $66,380 | 8 |
| Mercer · Chicago, IL | $59,884 | $1,845 | $61,729 | 11 |
| Web Tpa · Irving, TX | $14,329 | $0 | $14,329 | 1 |
| Alera Group · Deerfield, IL | $0 | $3,866 | $3,866 | 2 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "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 |
|---|---|---|---|---|
| Penn Mutual Life Insurance Companylife | 1,397 | $872,943 | — | — |
| Penn Mutual Life Insurance Companylife | 62 | $64,039 | — | — |
| Life Insurance Company of North Americalong-term disability | 1,052 | — | $51,926 | — |
| Eyemed Vision Care on Behalf of the Combined Insurance Co of Americavision | 1,554 | — | $26,658 | — |
| Metropolitan Life Insurance Companyhealth | 495 | — | $16,218 | — |
| Metropolitan Life Insurance Companyhealth | 491 | — | $14,781 | — |
| New York Life Group Insurance Co. of New Yorkcoverage not coded | 29 | — | $1,008 | — |
| Life Insurance Company of North Americalong-term disability | — | — | $1,103 | — |
| Eyemed Vision Care on Behalf of the Combined Insurance Co of Americacoverage not coded | 87 | — | $194 | — |
| Transamerica Life Insurance Company Medicare Supplementhealth | 163 | — | $96,994 | — |
| Companion Life Insurance Company - Columbiahealth | 162 | — | $18,253 | — |
| Elixirhealth | 162 | — | $27,288 | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Penn 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.
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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 2,023 | 2,019 | −0.2% |
| Premiums filed | $887,451 | $936,982 | not comparable |
| Broker commissions + fees | $244,940 | $254,423 | +3.9% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
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 |
|---|---|---|---|---|
| Penn Mutual Life Ins Co Employee Group Health Plan#502 · insurance | December 31, 2025 | July 27, 2026 | before deadline | 2,019 |
| Penn Mutual Life Ins Co Retiree Group Health Plan#521 · insurance | December 31, 2025 | July 27, 2026 | before deadline | 187 |
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 Penn Mutual Life Insurance Company pay in health insurance broker commissions in 2025?
Penn Mutual Life Insurance Company's 2025 Form 5500 reports $254,423 in broker commissions and fees across 12 insurance contracts ($241,219 in commissions, $13,204 in fees), with Amwins Group Benefits LLC receiving the largest share.
Is Penn Mutual Life Insurance Company's health plan self-funded or fully insured?
The 2025 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by Metropolitan Life Insurance Company, Transamerica Life Insurance Company Medicare Supplement, Companion Life Insurance Company - Columbia.
How does Penn Mutual Life Insurance Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Penn Mutual Life Insurance Company 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.