MACY'S INC.
Formerly MACY'S, INC. · MACYS, INC.
EIN 13-3324058 · OH · Retail
Benchmarked against: Retail · 50,000+ employees · same industry, nationwide · n=27 employers (your plan plus 26 peers)
Your exact in-state peer group was below the 10-plan minimum, so the comparison broadens to same industry, nationwide within Retail.
71,069
(2024)
Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).
Funding
$5,274,320
Broker pay, employer-paid lines (2024)
$6.18
2024 · 99th pct vs peers · n=27
Lines disclosed: Dental · Vision · Life · Short-term disability · Long-term disability
Broker pay as a share of insured premium: 1.9% (peer median 2.1%, 42nd percentile).
Without the 3 low-disclosure peers, this plan is at the 99th percentile of 24 comparable plans (your plan plus 23 peers).
Per-participant and share-of-premium comparisons differ because your plan insures more lines than most peers. The line-by-line rates below are the most direct comparison.
Employer-paid $5,274,320 benchmarked for 2024 · Voluntary $1,545,430 shown separately, compared by rate only
Showing 2024, the latest year with a complete peer group. A 2025 filing is on file and appears in broker history; it is not benchmarked yet.
Why 2024?
The figures above use 2024, the latest year we can compare with similar employers. A filing for 2025 is on file. Only a smaller plan has filed for 2025 so far. The main plan's filing is not in yet, so that year cannot carry the comparison. Rows for 2025 stay in the broker history and stay out of the headline and the peer comparison.
Self-funded medical. This figure is commissions on the insured ancillary lines (life, disability, dental, vision, stop-loss). A self-funded employer's medical advisor is typically paid a fee outside these filings, so total broker pay is usually higher than the figure shown.
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
2.0%
Peer median 2.1%
Within peer rangeLife
2.2%
Peer median 2.9%
Within peer rangeDental
4.0%
Peer median 2.9%
Within peer rangeVoluntary / worksite
22.8%
Peer median 9.9%
Above peer rangeVision
5.1%
Peer median 2.7%
Within peer rangeVoluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.
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
Peer distributions · dollar quantification · 3-year trajectory · modeled alternatives
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Where the $6,819,750 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
A screenshot isn't a record. Get the dated report for your file.
Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.
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Benefits covered (latest filing)
From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).
Disclosure opacity
What this filing doesn't show
This filing discloses no compensation on a health or stop-loss contract for 2025 — the plan's largest lines are absent from the public record. That is typical for self-funded plans, not reassuring: 53% of self-funded health plans with 100+ participants disclose the same — nothing (42K plans reviewed, 2024 filings). How we count this. The compensation still exists — under ERISA Section 408(b)(2), it must be disclosed in writing to the plan fiduciary on request.
Get the 408(b)(2) disclosure request letter — a ready-to-send request for the compensation this filing doesn't show. Free with an employer account.
Broker history
Benefit lines covered by year — broker identity limited on public pages
Medical here is self-funded. The employer pays its own health claims (usually through a TPA), so there's no insurance contract for medical and it never appears on Schedule A. The itemized lines below are the insured ancillary coverages — dental, vision, life, disability. Self-funded medical broker or consultant fees paid from plan assets are reported on Schedule C — shown below, tagged Sch. C. What Schedule C does not capture is advisor pay the employer makes from its own corporate funds instead of plan assets, which is not reportable, so the filed figure can be lower than what an advisor is paid in total.
The 2025 filings on file so far are from smaller plans; the main plan has not filed 2025 yet. The analysis year is 2024, the latest year that is complete and benchmarked.
Broker identity on this page is limited for public viewers. Sign in with your work email or share your plan basics for the full breakdown on your company.
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.
Analysis year 2024 — the same year as the headline figure and per-participant rate above. The 2025 filings on file so far are from smaller plans; the main plan has not filed 2025 yet.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|---|---|---|---|
| Medical ($0 premium) | Cigna Health and Life Insurance Company and Affiliates (Cigna) | 2.0% | med 2.1% | Within peer range |
| Medical ($0 premium) | Kaiser Foundation Health Plan, Inc.Plan 941 · 2,089 lives · Health | 2.2% | med 2.6% | Within peer range |
| Medical ($0 premium) | Kaiser Foundation Health Plan, Inc.Plan 941 · 1,411 lives · Health | 2.0% | med 2.6% | Within peer range |
| Life · contract 681769G | Hartford Life and AccidentPlan 983 · 14,066 lives · Life | 2.2% | med 2.9% | Within peer range |
| Medical ($0 premium) | Medical Mutual | 2.0% | med 2.6% | Within peer range |
| Dental ($0 premium) | Delta Dental of Ohio | 4.0% | med 2.9% | Within peer range |
| Voluntary / worksite · contract AGC0000665967multi-product: accident + critical illness + hospital indemnity | Continental American Insurance Company | 22.8% | med 9.9% | Above peer range |
| Medical ($0 premium) | Kaiser Foundation Health Plan of Georgia, Inc. | 2.0% | med 2.6% | Within peer range |
| Medical ($0 premium) | Health Net | 2.0% | med 3.5% | Below peer range |
| Medical ($0 premium) | Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc. | 2.0% | med 2.6% | Within peer range |
| Dental ($0 premium) | Cigna Health and Life Insurance Company and Affiliates (Cigna) | 4.0% | med 2.7% | Within peer range |
| Medical ($0 premium) | Kaiser Foundation Health Plan of Washington Options, Inc. | 1.8% | med 3.5% | Below peer range |
| Medical ($0 premium) | UPMC Health Options | 2.0% | med 3.5% | Below peer range |
| Medical ($0 premium) | Kaiser Foundation Health Plan of the Northwest | 1.7% | med 3.5% | Below peer range |
| Medical ($0 premium) | Priority Health Insurance Company | 2.0% | med 3.5% | Below peer range |
| Vision · contract SEE BELOW* | EyeMed Vision Care | 5.1% | med 2.7% | Within peer range |
| Life · contract ADDS09111 | Hartford Life and AccidentPlan 983 · 6,950 lives · Other (ACCIDENTAL DEATH AND DISMEM… | 1.5% | med 6.0% | Below peer range |
| Vision · contract 30089937 | Vision Service Plan | 5.0% | med 5.5% | Within peer range |
| Voluntary / worksite · contract 2100580 | Legalplans, USA | 20.3% | med 20.0% | Within peer range |
| Medical ($0 premium) | Kaiser Foundation Health Plan of Colorado | 2.1% | med 4.0% | Below peer range |
| Medical ($0 premium) | Geisinger Quality Options, Inc. | 2.0% | med 4.0% | Below peer range |
| Dental ($0 premium) | Alpha Dental Programs, Inc. | 4.0% | med 4.8% | Within peer range |
| Medical ($0 premium) | Dean Health Plan Inc | 1.1% | med 4.0% | No commission on this contract |
| Dental ($0 premium) | Safeguard Health Plans, Inc. a California Corporation | 4.1% | med 6.9% | Below peer range |
| Medical ($0 premium) | Prevea360 Health Plan | 1.5% | med 4.0% | No commission on this contract |
| Dental ($0 premium) | Safeguard Health Plans, Inc. a Florida Corporation | 3.9% | med 7.7% | No commission on this contract |
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.
| Covers | Contract | Effective rate | vs. peers |
|---|---|---|---|
| Medical + Dental | Aetna Life Insurance Co.Plan 941 | 0.1% | Bundled; no single-line peer |
| Medical + Dental + Vision | UnitedHealthcare Insurance CompanyPlan 941 | 2.2% | Bundled; no single-line peer |
| Short-term disability + Long-term disability | Prudential Insurance Company of AmericaPlan 983 | 2.3% | Bundled; no single-line peer |
| Dental + Vision | Metropolitan Life Insurance CompanyPlan 941 | 4.2% | Bundled; no single-line peer |
1 contract under $10,000 in premium — listed for completeness, not compared to peers. Show
- Dental — Safeguard Health Plans, Inc. a Texas Corporation — Premium under $10,000 is too small to compare
How the peer group for each line was built
- Medical: n=76 contracts, Midwest, 2501-10000 covered lives
- Medical: n=736 contracts, Midwest, 501-2500 covered lives
- Life: n=203 contracts, Midwest, 10001-50000 covered lives
- Dental: n=23 contracts, Midwest, 10001-50000 covered lives
- Voluntary / worksite: n=32 contracts, Midwest, 10001-50000 covered lives
- Medical: n=3,704 contracts, Midwest, 101-500 covered lives
- Dental: n=130 contracts, Midwest, 2501-10000 covered lives
- Vision: n=37 contracts, Midwest, 10001-50000 covered lives
- Life: n=383 contracts, Midwest, 2501-10000 covered lives
- Vision: n=226 contracts, Midwest, 2501-10000 covered lives
- Voluntary / worksite: n=219 contracts, Midwest, 2501-10000 covered lives
- Medical: n=1,578 contracts, Midwest, 1-100 covered lives
- Dental: n=800 contracts, Midwest, 501-2500 covered lives
- Dental: n=2,579 contracts, Midwest, 101-500 covered lives
- Dental: n=649 contracts, Midwest, 1-100 covered lives
n = the number of peer contracts in that comparison group.
Everything in this table is from the 2024 filing. These 31 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. 2025 is not rated here. Its rows appear in Broker history above as filed — pick 2025 on the year chips there to see them.
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. A near-zero rate on a large premium usually means the broker is paid elsewhere (through a bundled contract, a Schedule C fee, or commission on other lines), so no market position is shown for that contract.
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 941MACYS, INC. WELFARE BENEFITS PLAN71K participants (2024)HealthLife insuranceShort-term disabilityUnemploymentOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 983MACY'S, INC. ENHANCED BENEFITS PROGRAM52K participants (2024)DentalLong-term disabilityApprenticeship / trainingOtherFully insured · 4 years on file
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PN 982MACY'S, INC. INTERNATIONAL BUSINESS TRAVEL MEDICAL PLAN9.3K participants (2024)HealthLife insuranceOtherFully insured · 4 years on file
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PN 505MACY'S INC. INJURY BENEFIT PLAN FOR TEXAS EMPLOYEES4.1K participants (2025)HealthLife insuranceShort-term disabilityLong-term disabilitySeveranceOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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PN 951MACYS, INC. DISABILITY BENEFITS PLAN1 participants (2024)Long-term disabilityApprenticeship / trainingSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 980MACY'S, INC. RETIREE HEALTH REIMBURSEMENT ARRANGEMENT PLAN0 participants (2025)HealthSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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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
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How do similar employers compare?
Employers in the same peer group (Retail, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
- TRADER JOE'S COMPANYCaliforniaCompensation disclosed →
- THE KROGER CO.OhioCompensation disclosed →
- CIRCLE K STORES, INC.ArizonaCompensation disclosed →
- L BRANDS SERVICE COMPANY, LLCOhioCompensation disclosed →
- 7-ELEVEN, INC.TexasCompensation disclosed →
Browse more: Ohio employer health plans · Retail plans in Ohio · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Analysis year: 2024; newest plan year with a filing on file: 2025. 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.
Report a data discrepancy
Unbrokered reports data as filed with the DOL. If you believe a figure is incorrect, tell us what it should be. We respond within 2 business days and, where the underlying filing has been amended, update on our next data refresh. We don't remove publicly filed information on request, but we do correct genuine errors.