Pinnacle West Capital Corporation
Updated Filing received by DOL
Pinnacle West Capital Corporation, a management of companies employer in Phoenix, Arizona, reported 10,469 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 4 insurance contracts with no premium reported and $370,136 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Unum Group). The Department of Labor received the filing on October 2, 2025, within the extension window.
Who was paid on Pinnacle West Capital 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 Pinnacle West Capital Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Willis Towers Watson · New York, NY | $253,200 | $74,712 | $327,912 | 2 |
| Marsh McLennan Agency | $42,224 | $0 | $42,224 | 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 |
|---|---|---|---|---|
| Life Insurance Company of North Americalife | — | — | $315,700 | — |
| Life Insurance Company of North Americacoverage not coded | — | — | $12,212 | — |
| Unum Groupstop-loss | 6,515 | — | $42,224 | — |
| Employers Dental Servicesdental, indemnity | 1,652 | — | — | — |
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 Pinnacle West Capital 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.
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 | 10,249 | 10,469 | +2.1% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $583,075 | $370,136 | −36.5% |
| 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 |
|---|---|---|---|---|
| Pinnacle West Capital Corporation Group Life and Medical Plan#504 · insurance, general assets, trust | December 31, 2024 | October 2, 2025 | within extension | 10,469 |
| Pinnacle West Capital Corporation Group Welfare Plan#530 · insurance, general assets | December 31, 2024 | October 2, 2025 | within extension | 6,119 |
| Pinnacle West Capital Corporation Post-65 Retiree Health Reimbursement Arrangement#531 · general assets, trust | December 31, 2024 | October 2, 2025 | within extension | 3,263 |
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 Pinnacle West Capital Corporation pay in health insurance broker commissions in 2024?
Pinnacle West Capital Corporation's 2024 Form 5500 reports $370,136 in broker commissions and fees across 4 insurance contracts ($295,424 in commissions, $74,712 in fees), with Willis Towers Watson receiving the largest share.
Is Pinnacle West Capital Corporation's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from Unum Group).
How does Pinnacle West Capital Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Pinnacle West Capital Corporation because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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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.