Thermo Fisher Scientific Inc.
Updated Filing received by DOL a plan year 2025 filing was received September 22, 2026 for 1 of this employer's 2 plans; this record moves to 2025 when all have arrived
Thermo Fisher Scientific Inc., a wholesale trade employer in Pittsburgh, Pennsylvania, reported 53,961 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 10 insurance contracts with no premium reported and $1.5M in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received an amended filing on May 21, 2026; the original filing date is not in the public dataset.
Who was paid on Thermo Fisher Scientific 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 Thermo Fisher Scientific Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Strategic Benefit Advisors Inc · Southborough, MA | $349,234 | $450,000 | $799,234 | 1 |
| Brown & Brown · Southborough, MA | $447,190 | $281,488 | $728,678 | 7 |
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 |
|---|---|---|---|---|
| UPMC Health Optionshealth, prescription drug | 1,357 | — | — | — |
| Securian Life Insurance Companylife | 50,966 | — | $799,234 | — |
| Kaiser Foundation Health Plan of the Northwesthealth, prescription drug, HMO | 365 | — | $24,348 | — |
| Metlife Legal Planscoverage not coded | 8,006 | — | $95,005 | — |
| Kaiser Foundation Health Plan Inc.health, prescription drug, HMO | 2,384 | — | — | — |
| Hawaii Medical Service Associationhealth, dental, vision, prescription drug, PPO | 19 | — | — | — |
| Lincoln National Life Insurance Companylong-term disability | 45,078 | — | $609,325 | — |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.vision | 74,046 | — | — | — |
| Spring Healthcoverage not coded | 52,183 | — | — | — |
| Quartz Health Benefit Plans Corporationhealth, prescription drug, HMO, PPO | 2,282 | — | — | — |
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 Thermo Fisher Scientific 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 | 43,301 | 53,961 | +24.6% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $1,439,582 | $1,527,912 | +6.1% |
| 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 |
|---|---|---|---|---|
| Thermo Fisher Scientific Inc. Health and Welfare Plan#501 · amended · insurance, general assets | December 31, 2024 | May 21, 2026 | amended filing; original date not in data | 53,961 |
| Thermo Fisher Scientific Inc. Retiree Health Reimbursement Plan#505 · trust | December 31, 2024 | September 29, 2025 | within extension | 181 |
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 Thermo Fisher Scientific Inc. pay in health insurance broker commissions in 2024?
Thermo Fisher Scientific Inc.'s 2024 Form 5500 reports $1,527,912 in broker commissions and fees across 10 insurance contracts ($796,424 in commissions, $731,488 in fees), with Strategic Benefit Advisors Inc receiving the largest share.
Is Thermo Fisher Scientific 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 UPMC Health Options, Kaiser Foundation Health Plan of the Northwest, Kaiser Foundation Health Plan Inc..
How does Thermo Fisher Scientific Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Thermo Fisher Scientific 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.