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VICOR CORPORATION

EIN 04-2742817 · MA · Manufacturing — Heavy

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Compensation disclosed11 brokers of record, 2021–2024As reported on Form 5500 (Schedules A and C), U.S. Department of Labor.
Employer-paid broker pay2024 · analysis: $401,6242023: $374,9782022: $307,3572021: $343,943

Benchmarked against: Manufacturing — Heavy · 501–2,500 employees · same industry, in-state · n=44 employers (your plan plus 43 peers)

1,349

(latest)

Self-funded

Funding

$401,624

Broker pay, employer-paid lines (2024)

$24.81

86th pct vs peers · n=44

Lines disclosed: Vision · Life · Long-term disability

Broker pay as a share of insured premium: 2.8% (peer median 5.7%, 23rd percentile).

Per-participant and share-of-premium comparisons differ because your plan insures a different mix of lines than most peers. The line-by-line rates below are the most direct comparison.

Employer-paid $401,624 benchmarked for 2024 · Voluntary $1,944 shown separately, compared by rate only

Broker commission rate by benefit line

What the broker earns on each insured line, as a share of that line's own premium — not a share of total broker pay, and not what the coverage cost. Peers for these tiles: same region, similar covered lives. Full table below. How the national rates are built.

Medical

2.6%

517 peer contracts — p25 1.8% · median 2.8% · p75 4.7%. This contract: 2.6%.

Peer median 2.8%

Within peer range

Vision

3.3%

2,338 peer contracts — p25 5.0% · median 7.3% · p75 10.0%. This contract: 3.3%.

Peer median 7.3%

Below peer range

Life

10.0%

553 peer contracts — p25 11.3% · median 15.8% · p75 20.4%. This contract: 10.0%.

Peer median 15.8%

Below peer range

Voluntary / worksite

17.2%

1,587 peer contracts — p25 12.0% · median 16.6% · p75 21.8%. This contract: 17.2%.

Peer median 16.6%

Within peer range

Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.

Dental is not on this filing as its own contract, so there is no peer rate to show for it.

This page shows what was filed. The report shows what it means.

  • What the gap is worth — the dollar difference vs. peer median, including a 3-year view
  • The current structure compared against levels comparable plans actually reported
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Broker Compensation Benchmark Report

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Where the $403,568 across all lines goes

Each broker and each benefit line, in dollars

How much broker pay rides inside the premium

Base commission against bonuses and other carrier payments, all funded through premium

Whether this number is drifting

Compensation across every filed year, against the peer median

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Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.

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Benefits covered (latest filing)

HealthDentalLife insuranceShort-term disabilityUnemploymentApprenticeship / trainingOther

From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).

Broker history

Benefit lines covered by year — broker identity limited on public pages

Year:

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Commission rates by benefit line

Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.

Benefit lineContractRatevs. peersPosition
Medical (Prescription drug)Blue Cross Blue Shield of Massachusetts, Inc.2.6%517 peer contracts — p25 1.8% · median 2.8% · p75 4.7%. This contract: 2.6%.med 2.8%Within peer range
Medical (basic)Armada Care1.0%1,768 peer contracts — p25 2.7% · median 3.7% · p75 5.0%. This contract: 1.0%.med 3.7%Below peer range
VisionVision Service Plan3.3%2,338 peer contracts — p25 5.0% · median 7.3% · p75 10.0%. This contract: 3.3%.med 7.3%Below peer range
LifeDelaware American Life Insurance Company10.0%553 peer contracts — p25 11.3% · median 15.8% · p75 20.4%. This contract: 10.0%.med 15.8%Below peer range
Voluntary / worksitefiled as “Other (LEGAL SERVICES PLAN MEMEBER…”Pre-Paid Legal Services Inc Dba Legalshield17.2%1,587 peer contracts — p25 12.0% · median 16.6% · p75 21.8%. This contract: 17.2%.med 16.6%Within peer range

Bundled and other contracts — no single-line peer comparison

A bundled contract covers two or more lines on one premium (for example Health + Dental). Its effective rate is the commission on the whole premium; it is shown for completeness and never compared with single-line peers, because the mix of lines inside the bundle sets the rate as much as the broker does.

CoversContractEffective ratevs. peers
Life + Long-term disabilitySun Life Assurance Company of CanadaPlan 5013.8%Bundled; no single-line peer
Other benefitVOL. ACC/ VOL. CI/ VOL. HIHartford Life and AccidentPlan 50130.9%No comparable line
3 contracts under $10,000 in premium — listed for completeness, not compared to peers. Show
  • Life — Zurich American Insurance Company — Premium under $10,000 is too small to compare
  • Medical — Four Ever Life Insurance Company — Premium under $10,000 is too small to compare
  • Life — Life Insurance Company of North America — Premium under $10,000 is too small to compare
How the peer group for each line was built
  • Medical: n=517 contracts, Northeast, 501-2500 covered lives
  • Medical: n=1,768 contracts, Northeast, 1-100 covered lives
  • Vision: n=2,338 contracts, Northeast, 101-500 covered lives
  • Life: n=553 contracts, Northeast, 1-100 covered lives
  • Voluntary / worksite: n=1,587 contracts, Northeast, 1-100 covered lives
  • Life: n=1,163 contracts, Northeast, 501-2500 covered lives
  • Medical: n=30,092 contracts, national
  • Life: n=21,607 contracts, national

n = the number of peer contracts in that comparison group.

Everything in this table is from the 2024 filing. These 10 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate.

Who funds this. Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.

Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. Contracts under $10,000 in premium are listed for completeness, with no rate or peer position.

Plans on file

Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.

PN 501VICOR HEALTH AND WELFARE PLAN1.3K participants (2024)
HealthDentalLife insuranceShort-term disabilityUnemploymentApprenticeship / trainingOtherSelf-funded · 4 years on file

Loading contracts…

Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.

At a glance

Primary brokerLimited on public pages
Years on file4
Lead broker continuityFiled brokername changed
Broker setup8 brokers in 202411 across all years
Most
Peer benchmarkManufacturing — Heavyn=44 · state peers

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How do similar employers compare?

Employers in the same peer group (Manufacturing — Heavy, similar size), from public Form 5500 filings. Open one to see what it pays its broker.

Browse more: Massachusetts employer health plans · Manufacturing — Heavy plans in Massachusetts · all states

Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year on file: 2024. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.

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