Stanley Black & Decker, Inc.
Updated Filing received by DOL
Stanley Black & Decker, Inc., a manufacturing — metal, equipment, transportation employer in New Britain, Connecticut, reported 20,361 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $21,250 in insurance premiums across 17 contracts and $608,482 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 12, 2025, within the extension window.
Who was paid on Stanley Black & Decker, 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 Stanley Black & Decker, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Minneapolis, MN | $397,256 | $181,954 | $579,210 | 9 |
| Benefit Planning LLC · Windsor, CT | $13,714 | $7,285 | $20,999 | 1 |
| Willis Towers Watson · New York, NY | $8,273 | $0 | $8,273 | 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, prescription drug, indemnity | 1 | $21,250 | — | — |
| Anthem Health Plans, Inc.health, prescription drug, indemnity | 2 | — | — | — |
| Cigna Health and Life Insurance Companydental, HMO, indemnity | 1,739 | — | — | — |
| Cigna Health and Life Insurance Companyhealth, dental, prescription drug | 26 | — | — | — |
| Legaleasecoverage not coded | 1,413 | — | $42,333 | — |
| Unum Life Insurance Company of Americalong-term disability | 799 | — | $20,999 | — |
| Securian Life Insurance Companylife | 21,049 | — | $197,102 | — |
| Curalinc, LLC dba Curalinc Healthcarecoverage not coded | 16,014 | — | — | — |
| Ace American Insurance Companycoverage not coded | 15,585 | — | $8,273 | — |
| Cigna Health and Life Insurance Companycoverage not coded | 2,759 | — | $126,923 | — |
| Cigna Health and Life Insurance Companycoverage not coded | 2,551 | — | $108,373 | — |
| Cigna Health and Life Insurance Companycoverage not coded | 3,028 | — | $88,176 | — |
| Kaiser Foundation Health Plan Inchealth, prescription drug, HMO | 781 | — | — | — |
| Life Insurance Company of North Americalong-term disability | 15,585 | — | $16,303 | — |
| Kaiser Foundation Health Plan Inc.health, prescription drug, HMO | 22 | — | — | — |
| Hawaii Medical Service Associationhealth, prescription drug, PPO | 10 | — | — | — |
| Cigna Health and Life Insurance Companyvision | 21,834 | — | — | — |
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 Stanley Black & Decker, 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.
Premium per covered person on medical contracts: $21,250 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 | 21,663 | 20,361 | −6.0% |
| Premiums filed | $15,570 | $21,250 | +36.5% |
| Broker commissions + fees | $845,378 | $608,482 | −28.0% |
| 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 |
|---|---|---|---|---|
| Stanley Black & Decker, Inc. Health & Welfare Program#550 · insurance, general assets | December 31, 2024 | September 12, 2025 | within extension | 20,361 |
| Stanley Black & Decker, Inc. Over 65 Retiree Hra#600 · general assets | December 31, 2024 | September 12, 2025 | within extension | 1,052 |
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 Stanley Black & Decker, Inc. pay in health insurance broker commissions in 2024?
Stanley Black & Decker, Inc.'s 2024 Form 5500 reports $608,482 in broker commissions and fees across 17 insurance contracts ($419,243 in commissions, $189,239 in fees), with Mercer receiving the largest share.
Is Stanley Black & Decker, 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, Anthem Health Plans, Inc., Kaiser Foundation Health Plan Inc.
How does Stanley Black & Decker, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Stanley Black & Decker, 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.