Public Service Enterprise Group Incorporated
Updated Filing received by DOL
Public Service Enterprise Group Incorporated, a management of companies employer in Newark, New Jersey, reported 14,443 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 10 insurance contracts with no premium reported and $499,559 in broker commissions and fees. The plan is self-funded (the employer pays claims itself). The Department of Labor received the filing on October 14, 2025, within the extension window.
Who was paid on Public Service Enterprise Group Incorporated's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Public Service Enterprise Group Incorporated filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Chicago, IL | $0 | $446,625 | $446,625 | 2 |
| Aon · Chicago, IL | $0 | $52,934 | $52,934 | 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 |
|---|---|---|---|---|
| Aetna Life Insurance Co.dental | 729 | — | — | — |
| Life Insurance Company of North Americalong-term disability | 3,294 | — | — | — |
| Prudential Insurance Company of Americacoverage not coded | 474 | — | — | — |
| Metropolitan Life Insurance Companyvision | 15,739 | — | $26,467 | — |
| Securian Life Insurancelife | 25,439 | — | $430,018 | — |
| Securian Life Insurancelife | 7,942 | — | $16,607 | — |
| Aetna Life Insurance Company and Affiliatesdental | 729 | — | — | — |
| Prudential Insurance Company of Americacoverage not coded | 474 | — | — | — |
| Life Insurance Company of North Americalong-term disability | 342 | — | — | — |
| Metropolitan Life Insurance Companyvision | 15,739 | — | $26,467 | — |
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 Public Service Enterprise Group Incorporated 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 | 13,931 | 14,443 | +3.7% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $603,689 | $499,559 | −17.2% |
| 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 |
|---|---|---|---|---|
| Public Service Enterprise Group Inc. Postretirement Suppl Health Benefit Plan#539 · general assets, trust | December 31, 2024 | October 14, 2025 | within extension | 14,443 |
| Public Service Enterprise Group Incorporated Medical Benefits Plan for Retired Employees#536 · general assets, trust | December 31, 2024 | October 14, 2025 | within extension | 5,857 |
| Public Service Enterprise Group Incorporated Benefits 2000 Benefits Plan for Non-Represented Employees#541 · insurance, general assets | December 31, 2024 | October 6, 2025 | within extension | 3,045 |
| Public Service Enterprise Group Incorporated Selectline Benefits Plan#535 · insurance, general assets | December 31, 2024 | October 6, 2025 | within extension | 479 |
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 Public Service Enterprise Group Incorporated pay in health insurance broker commissions in 2024?
Public Service Enterprise Group Incorporated's 2024 Form 5500 reports $499,559 in broker commissions and fees across 10 insurance contracts ($0 in commissions, $499,559 in fees), with Mercer receiving the largest share.
Is Public Service Enterprise Group Incorporated's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself).
How does Public Service Enterprise Group Incorporated's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Public Service Enterprise Group Incorporated 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.