Siemens Medical Solutions USA, Inc.
Updated Filing received by DOL
Siemens Medical Solutions USA, Inc., a management of companies employer in Malvern, Pennsylvania, reported 19,508 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 13 insurance contracts with no premium reported and $220,701 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on October 13, 2025, within the extension window.
Who was paid on Siemens Medical Solutions USA, Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Siemens Medical Solutions USA, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Aon · Chicago, IL | $1,160 | $219,042 | $220,202 | 7 |
| Strategic Non-Medical Solutions LLC · Atlanta, GA | $499 | $0 | $499 | 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 |
|---|---|---|---|---|
| Cigna Health and Life Insurance Companyhealth, dental | 32 | — | — | — |
| Eyemed Vision Carevision | 36,411 | — | — | — |
| Hartford Life and Accidentlife | 17,043 | — | $106,386 | — |
| Hawaii Medical Service Associationhealth | 9 | — | — | — |
| Hartford Life and Accidentcoverage not coded | 29,279 | — | $9,893 | — |
| Hartford Life and Accidentlife | 31 | — | $1,308 | — |
| Kaiser Foundation Health Plan, Inc.health | 293 | — | — | — |
| Kaiser Foundation Health Plan, Inc.health | 1,512 | — | — | — |
| Lincoln National Life Insurance Companylong-term disability | 16,634 | — | $102,615 | — |
| Life Insurance Company of North Americacoverage not coded | 16,385 | — | $499 | — |
| Delta Dental of Pennsylvaniadental | 2,173 | — | — | — |
| Continental American Insurance Companyindemnity | 13,455 | — | — | — |
| Eyemed Vision Carevision | 36,411 | — | — | — |
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 Siemens Medical Solutions USA, Inc. 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 | 17,415 | 19,508 | +12.0% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $260,702 | $220,701 | −15.3% |
| 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 |
|---|---|---|---|---|
| Siemens Medical Solutions USA, Inc. Group Insurance and Flexible Benefits Program#565 · insurance, general assets | December 31, 2024 | October 13, 2025 | within extension | 19,508 |
| Siemens Medical Solutions USA, Inc. Retiree Health Reimbursement Account Plan#566 · insurance, general assets | December 31, 2024 | October 13, 2025 | within extension | 1,253 |
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 Siemens Medical Solutions USA, Inc. pay in health insurance broker commissions in 2024?
Siemens Medical Solutions USA, Inc.'s 2024 Form 5500 reports $220,701 in broker commissions and fees across 13 insurance contracts ($1,659 in commissions, $219,042 in fees), with Aon receiving the largest share.
Is Siemens Medical Solutions USA, Inc.'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 Cigna Health and Life Insurance Company, Hawaii Medical Service Association, Kaiser Foundation Health Plan, Inc..
How does Siemens Medical Solutions USA, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Siemens Medical Solutions USA, Inc. 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.