The PNC Financial Services Group, Inc.
Updated Filing received by DOL
The PNC Financial Services Group, Inc., a finance & insurance employer in Pittsburgh, Pennsylvania, reported 66,465 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $97,219 in insurance premiums across 13 contracts and $892,577 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 10, 2025, within the extension window.
Who was paid on The PNC Financial Services Group, 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 The PNC Financial Services Group, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Willis Towers Watson · New York, NY | $175,012 | $717,565 | $892,577 | 10 |
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 |
|---|---|---|---|---|
| Independence Blue Crosshealth, prescription drug | 19 | $97,219 | — | — |
| Metropolitan Life Insurance Companycoverage not coded | 44,608 | — | $15,185 | — |
| Metropolitan Life Insurance Companylife | 66,216 | — | $246,122 | — |
| Metropolitan Life Insurance Companylife | 62,907 | — | $192,574 | — |
| Unitedhealth Insurance Companyvision | 65,603 | — | — | — |
| Aetna Health, Inc.HMO | 81 | — | — | — |
| Aetna Life Insurance Co.dental | 10,247 | — | — | — |
| Metropolitan Life Insurance Companylife | 62,907 | — | $192,574 | — |
| Metropolitan Life Insurance Companylife | 66,216 | — | $246,122 | — |
| Kaiser Foundation Health Plan of the Mis-Atlantic States, Inc.health | 15 | — | — | — |
| Aetna Life Insurance Co.dental | 10,247 | — | — | — |
| Highmark Inc.health, HMO | 75 | — | — | — |
| Aetna Health, Inc.HMO | 81 | — | — | — |
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 The PNC Financial Services Group, 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: $5,117 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 | 72,847 | 66,465 | −8.8% |
| Premiums filed | $126,956 | $97,219 | −23.4% |
| Broker commissions + fees | $1,008,209 | $892,577 | −11.5% |
| Commission rate | 0.0% | — | — |
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 |
|---|---|---|---|---|
| The PNC Financial Services Group, Inc. Group Benefits Plan#530 · insurance, general assets | December 31, 2024 | October 10, 2025 | within extension | 66,465 |
| The PNC Financial Services Group, Inc. Retiree Health Care Reimbursment and Life Insurance Plan#531 · insurance, trust | December 31, 2024 | October 15, 2025 | within extension | 14,288 |
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 The PNC Financial Services Group, Inc. pay in health insurance broker commissions in 2024?
The PNC Financial Services Group, Inc.'s 2024 Form 5500 reports $892,577 in broker commissions and fees across 13 insurance contracts ($175,012 in commissions, $717,565 in fees), with Willis Towers Watson receiving the largest share.
Is The PNC Financial Services Group, 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 Independence Blue Cross, Kaiser Foundation Health Plan of the Mis-Atlantic States, Inc., Highmark Inc..
How does The PNC Financial Services Group, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for The PNC Financial Services Group, 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.