The Procter & Gamble Company
Updated Filing received by DOL
The Procter & Gamble Company, a manufacturing — chemical, wood, plastics employer in Cincinnati, Ohio, reported 26,178 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $9.0M in insurance premiums across 3 contracts and $100,708 in broker commissions and fees, 5.0% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on February 25, 2026, within the extension window.
Who was paid on The Procter & Gamble Company'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 Procter & Gamble Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Ikon Benefits Group Inc | $59,640 | $0 | $59,640 | 1 |
| Strategic Non Medical Solutions LLC · Boston, MA | $0 | $41,068 | $41,068 | 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Companylife | 25,460 | $7.8M | $41,068 | 0.5% |
| Triple-S Salud, Inc.health, dental, prescription drug | 136 | $1.2M | $59,640 | 5.0% |
| Hawaii Medical Service Assn. of Hawaii, BCBS of Hawaiihealth, prescription drug, HMO | 9 | — | — | — |
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 Procter & Gamble Company 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.
Premium per covered person on medical contracts: $8,771 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 | 25,054 | 26,178 | +4.5% |
| Premiums filed | $9,097,870 | $8,969,052 | −1.4% |
| Broker commissions + fees | $59,006 | $100,708 | +70.7% |
| Commission rate | 5.0% | 5.0% | +0.0 pts |
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 |
|---|---|---|---|---|
| Procter & Gamble Health and Long-Term Disability Plan#503 · insurance, general assets, trust | June 30, 2025 | February 25, 2026 | within extension | 26,178 |
| Procter & Gamble Retiree Welfare Benefits Plan#557 · insurance, trust | June 30, 2025 | February 25, 2026 | within extension | 19,000 |
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 Procter & Gamble Company pay in health insurance broker commissions in 2024?
The Procter & Gamble Company's 2024 Form 5500 reports $100,708 in broker commissions and fees across 3 insurance contracts ($59,640 in commissions, $41,068 in fees), with Ikon Benefits Group Inc receiving the largest share.
Is The Procter & Gamble Company'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 Triple-S Salud, Inc., Hawaii Medical Service Assn. of Hawaii, BCBS of Hawaii.
How does The Procter & Gamble Company's broker compensation compare with similar employers?
The Procter & Gamble Company paid 5.0% of medical premium in commissions and fees. The median for employers with 5,000+ participants is 4.8%, and the median in Ohio is 3.5%. Percentages are computed only on fully insured medical contracts with filed premiums.
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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.