UBS Financial Services Inc.
Updated Filing received by DOL
UBS Financial Services Inc., a finance & insurance employer in Weehawken, New Jersey, reported 14,163 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $4.6M in insurance premiums across 18 contracts and $844,457 in broker commissions and fees, 3.7% 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 August 19, 2025, within the extension window.
Who was paid on UBS Financial Services 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 UBS Financial Services Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Willis Towers Watson · New York, NY | $0 | $366,838 | $366,838 | 1 |
| Institutional Insurance Group LLC · Hingham, MA | $287,812 | $0 | $287,812 | 1 |
| Aon · New York, NY | $100,296 | $0 | $100,296 | 2 |
| Marsh McLennan Agency · San Juan, PR | $89,511 | $0 | $89,511 | 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.
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 UBS Financial Services 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.
Premium per covered person on medical contracts: $17,950 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 | 15,989 | 14,163 | −11.4% |
| Premiums filed | $4,507,489 | $4,632,136 | +2.8% |
| Broker commissions + fees | $817,085 | $844,457 | +3.3% |
| Commission rate | 3.7% | 3.7% | +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 |
|---|---|---|---|---|
| UBS Financial Services Inc. Group Health and Welfare Benefits Plan#508 · insurance, general assets | December 31, 2024 | August 19, 2025 | within extension | 14,163 |
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 UBS Financial Services Inc. pay in health insurance broker commissions in 2024?
UBS Financial Services Inc.'s 2024 Form 5500 reports $844,457 in broker commissions and fees across 18 insurance contracts ($477,619 in commissions, $366,838 in fees), with Willis Towers Watson receiving the largest share.
Is UBS Financial Services 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 Triple S Salud, Inc., Kaiser Foundation Health Plan of Washington, Kaiser Foundation Health Plan Inc.
How does UBS Financial Services Inc.'s broker compensation compare with similar employers?
UBS Financial Services Inc. paid 3.7% of medical premium in commissions and fees. The median for employers with 5,000+ participants is 4.8%, and the median in New Jersey is 5.4%. 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.